The GBP/CAD pair on the M30 timeframe presents a potentially interesting situation with a bullish channel breakout pattern.
Potential Long Trade :
Entry: Above the broken resistance line of the channel, ideally around 1.7170 after confirmation.
Target Levels:
1.7244: This represents the height of the channel, measured from the apex (highest point) to the base...
The GBP/CAD pair on the M30 timeframe presents a potentially interesting situation with a bullish channel breakout pattern.
Potential Long Trade :
Entry: Above the broken resistance line of the channel, ideally around 1.7175 after confirmation.
Target Levels:
1.7244: This represents the height of the channel, measured from the apex (highest point) to the base...
The GBP/CAD pair on the M30 timeframe presents a potential selling opportunity due to the presence of a well-defined bearish channel pattern. This pattern suggests ongoing selling pressure and a higher likelihood of further declines in the coming minutes or hours.
Key Points:
Sell Entry: Consider entering a short position around the current price of 1.7225,...
Expecting a longer term reversal soon from this pair, based on price action and also fundamentals.
Looking for a sell on LTF around 1.72. If we break and retest the wedge lower boundary we'll be looking at 1.68 and a nice 400pip move.
The GBP/CAD pair on the M30 timeframe presents a potential buying opportunity due to a recent upward breakout from a bullish channel pattern. This pattern suggests ongoing buying pressure and a higher likelihood of further advances in the coming minutes or hours.
Key Points:
Bullish Channel: The price has been trading within an upward-sloping channel defined by...
The GBPCAD pair delivered a solid buy trade last time we analyzed it (October 05 2023, see chart below), easily hitting the 1.71110 Target, on a structure rise:
The price is now signaling a bearish call as it has been rejected on the Lower Highs trend-line that started on the July 17 2023 High. This is technically a Quadruple Top if it stays that way and...
Consider selling GBPCAD based on historical seasonality trends and anticipated positive monetary policy by the 2024 Federal Reserve head. Monitor seasonal patterns, economic indicators, and central bank communications. Exercise caution, implement risk management, and seek professional advice as trading carries inherent risks.
#GBPCAD
UPDATE
Hi team, hope you are enjoying your trading journey and our trading analysis. We are here to update you about our another analysis about GBPCAD.
Traders, Anna is looking for #GBPCAD, soon we all will see a big downfall in this pair. Reason behind this is that it has done change of character pattern in the HTF, and then retest the most recent...
Hello Traders
In our last GBP/CAD analysis, we predicted the bearish momentum and made 500-600 pips. after a long retracement, we expect another downward wave. it's too soon to judge because we don't have any solid confirmation yet. I guess "CAD" GDP data will clarify the road. However we feel bearish for GBP/CAD, and expect another 800-1100 pips drop in about...
More downwards move on Gcad. I have mentioned about Eurcad last week. This time right, I am seeing more weakness on Gcad.Let's see what happen next week
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I think this is a good pair to short, with GBP struggling to get through resistance even with the dip in oil prices.
I'm expecting a fall back to support around 1.638 as my target.
Hello Traders
Our technical view has been shown in the chart.
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(Disclaimer: Published ideas and other Contents on this page are for educational purposes and do not include a financial recommendation. Trading is Risky, so before any action do your research.)
Hey Traders, in today's trading session we are monitoring GBPCAD for a selling opportunity around 1.72200 zone, GBPCAD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.72200 support and resistance area.
Trade safe, Joe.
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The Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart).
Note: Its my view only and its for educational purpose only. Only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only...
Price has broken a key resistance-turned-support level at 1.6855 triggering a push up to 1.6904 which is a key overlap resistance.
The bullish momentum is aided by the bullish channel exit we're seeing.
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