GBPCAD looking for short GBPCAD looking for short if it breakdown the neck line of head and shoulder then sell by ANALYSESTFX1
GBPCAD sell trade - *Market Sentiment: The overall sentiment is leaning towards a **Strong Sell*². This is reflected in the consensus of various technical indicators and moving averages. - *Technical Indicators*: - *RSI (14): The Relative Strength Index is at **43.924*, indicating a sell signal². - *STOCH (9,6): The Stochastic Oscillator is at **29.657*, also suggesting a sell signal². - *MACD (12,26): The Moving Average Convergence Divergence is at *-0.001**, which is a sell signal². - *ADX (14): The Average Directional Index is at **25.487*, which suggests buying due to the strength of the current trend². - *ATR (14): The Average True Range indicates **High Volatility*². - *Moving Averages*: - Short-term moving averages like *MA5* and *MA10* are indicating a buy signal, while longer-term averages like *MA20, **MA50, **MA100, and **MA200* are all suggesting a sell². - *Pivot Points* (as of the latest data): - *Classic S3*: 1.7077 - *Classic R3*: 1.7128 - *Fibonacci S3*: 1.7085 - *Fibonacci R3*: 1.7119 - *Camarilla S3*: 1.7098 - *Camarilla R3*: 1.7108² Please note that this analysis is based on the latest available data and market conditions can change rapidly. It's important to stay updated with real-time market data and consider multiple sources before making any trading decisions. Always trade responsibly and consider your risk tolerance and investment objectives. Source: Conversation with Bing, 06/12/2023 (1) GBP CAD Technical Analysis - Investing.com. www.investing.com (2) GBPCAD Chart — Pound to Canadian Dollar Rate — TradingView. www.tradingview.com (3) GBPCAD Technical Analysis And Forecast - Vladimir Ribakov. vladimirribakov.com (4) GBPCAD technical analysis - FX Blue. www.fxblue.comShortby Mansa_Musa_Capital0
Watching for GBPCAD to follow EURCADWe saw a huge sell off when EURCAD broke it's uptrend last week so I'm watching GBPCAD to see if we get a similar flush. Price has been holding the trend now for several days with price barely able to escape and push higher, leading to further tightening. Entry signal would be a non ambiguous break of the Daily trend with stop above high of day if possible. Target is somewhere around the mid Nov break out as shown on the Daily TF, just over 100 pips away. Daily SWAP is -1.58% so a multi day is possible, but I wouldn't want to go over 3. Volatility around the CAD rate decision has the biggest downside effect on the idea if we get a break prior to the news. Not much we can do about this, if we get a sell signal before the release I still think it is worth taking. Shortby RuckSack0
GBPCAD Will Grow! Long! Take a look at our analysis for GBPCAD. Time Frame: 12h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is testing a major horizontal structure 1.710. Taking into consideration the structure & trend analysis, I believe that the market will reach 1.724 level soon. P.S We determine oversold/overbought condition with RSI indicator. When it drops below 30 - the market is considered to be oversold. When it bounces above 70 - the market is considered to be overbought. Like and subscribe and comment my ideas if you enjoy them! Longby SignalProvider112
GBPCAD: Bullish Move From Trend Line 🇬🇧🇨🇦 GBPCAD formed an ascending triangle formation after a test of a rising trend line. I expect a movement up to 1.715 ❤️Please, support my work with like, thank you!❤️ Longby VasilyTraderUpdated 336
GBPCAD can go 🚀UP🚀 to next 🔴Resistance zone🔴🏃♂️ GBPCAD has been moving in the Ascending Channel for more than two months and it seems that it can maintain this trend in the ascending channel in the coming weeks. 🏃♂️ GBPCAD is currently moving near the 🟢 Support zone(1.712 CAD-1.700 CAD) 🟢 and the lower line of the ascending channel. 🌊In terms of Elliott wave theory , GBPCAD seems to have succeeded in completing the main wave 4 near the lower line of the ascending channel. 🔔I expect GBPCAD to go up to at least the 🔴Resistance zone(1.738 CAD-1.728 CAD)🔴 to complete the main wave 5 . British Pound/Canadian Dollar ( GBPCAD ) 4-hour time frame⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.Longby pejman_zwinUpdated 3315
GPBCAD Sell setup After the rising wedge, I think it is time to short this pair. GBP is showing weakness after some gain last week. SL and TP are marked. Follow strict risk management. Don't be greedy. recommended risk level should be 1 to 2%. Reach out if you looking for more setups. Shortby PotentFXUpdated 9
GBPCAD | Bullish trend continuation GBPCAD has been in a brutal uptrend for the last months. In this support zone I expect GBPCAD to bounce upwards and make a new high to continue the uptrend. Be patient and manage your risk! Longby FX_Unlimited2
✅GBP_CAD WILL KEEP GROWING|LONG🚀 ✅GBP_CAD is trading in an Uptrend along the rising support And the pair has established a Double bottom pattern and Is already making a rebound From the support so I think That the pair will go further up LONG🚀 ✅Like and subscribe to never miss a new idea!✅ Longby ProSignalsFx114
GBPCAD 05-12 Pair : GBPCAD ( British Pound / Canadian Dollar ) Description : Bullish Channel as an Corrective Pattern in Long Time Frame and Rejection from the Lower Trend Line. It has completed the " 1234 " Impulsive it can break the Previous Resistance Level to complete its " 5th " wave at Upper Trend Line Entry Precautions : Wait for the Proper Rejectionby ForexDetective7
Shorting GBP/CADon the weekly time frame i can see that price has created it's all time higher high, and it's time for a pull back/reversal... i will be going short on GBP/CAD.Shortby KODAK_E_BTC0
GBPCAD BUY ANALYSISFX:GBPCAD Overall structure based on the weekly, daily, 4h is bullish. Price had made a pullback to 1.71042 daily support and managed to break above the 1.7150 1H key resistance and retested and support whilst simultaneously breaking the minor bearish structure on the 1h timeframe. a 15 min bullish engulfing candlestick was my confirmation to enter buys on GBPCADLongby The_Pip_Trader1
GBPCAD trade idea. Weekly trendlineGBPCAD currently on a weekly supply, also a third touch of trendlineShortby abdulsalisu2025Updated 7
GBPCADGBPCAD is showing divergence , LH also break BUY on current price TP , SL mentioned in chart how was my plan , comment your suggestion Thanks Longby Trade_WithOsama0
Big sells coming soonThis is such a great setup that I could not resist. We have so much confluences, starting from the weekly timeframe and all the way down to the 1 hour timeframe. This is a setup worth taking with proper risk.Shortby dizzyinmotion117
GBPCAD LONG - TREND NOT OVER YET!Waiting for a retest of 1.71387 to long GBPCAD back to daily swing highs at 1.73035 If you agree drop a like and if you have any questions leave a comment :)Longby mikoaodu4
GBPCAD sell then buy minor support at 1.71337 which might lure buy momentum up to 1.72118, which fared as resistatnce for price to continue with the last leg down of the correctional wave C Then plausible impulse move to initiate from order block level 1.6988. {point of interest }Shortby ClearFX222
Break of Trend LineAfter CPI date release on 21/11/2023, the chart has been slowly adjust and break of trend line. Due to the inflation rate increase, will expect the interest rate increase on CAD currency. Hence, we will tend to sell the GBP currency to buy the CAD currency. From the chart, the back testing established, so let see the bearish time .Shortby samuellon122112
NZDCAD IS BULLSHHey Traders, NZDCAD Pair is on the the bullish trend based on the 4HR timeframe with confirmation of 61.8% Fibb Retracement within the Buy zone and potential of hitting TP3 by next friday, Enjoy your Profit. Longby MILKINGFOREXMARKET1
GBPCAD- Buy on WeaknessBuy on Weakness. CAD is weak and likely to weaken after decline in Oil prices. Price action as per chartsLongby decentshaw2
GBPCAD buy, resuming the 4 hour buying trend. Since Thursday, the Canadian Dollar (CAD) has strengthened significantly, resembling the strength seen in the Euro-Canadian Dollar (EUR/CAD) pair. However, the British Pound (GBP) appears even more bullish than the Euro (EUR), as evidenced by the GBP/USD and GBP/JPY pairs compared to their counterparts, EUR/USD and EUR/JPY, respectively. Despite the strength of the Canadian Dollar, the plan I'm proposing assumes that the GBP has more power than the CAD. It's crucial to note that this assumption comes with a limitation—anticipating that the price will only descend to the bottom of the rectangle. The basis for this plan is rooted in the belief that the recent breach to the downside was a fakeout. However, if the price breaks below the rectangle, the validity of this assumption diminishes.Longby Ten_aoyama0
GBPCAD M15Hello Everyone I explained everything on Chart as it's clear to understand. If you have any question then ask me in comment section. Always take Entry with confirmation. Recommend you to use 1% risk for one entry. Good LuckLongby TradingPoint_0
GbpCad hold or not to hold?Hello fellow traders , my regular and new friends! Welcome and thanks for dropping by my post. GbpCad at a key turning point ,to see more downside or continue its uptrend if it hold 1.71 band..let's watch and act accordingly. Do Like and Boost if you have learnt something and enjoyed the content, thank you! -- Get the right tools and an experienced Guide, you WILL navigate your way out of this "Dangerous Jungle"! -- ********************************************************************* Disclaimers: The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes. ********************************************************************* by Shadowing_The_Big_Boys6