The current GBP/CAD exchange rate indicates a favorable buying opportunity, situated at 1.71814. This suggests that for those looking to capitalize on this currency pair, it may be an opportune moment to enter the market. Setting specific profit targets can help maximize gains, with potential exit points identified at 1.71500, 1.71408, and 1.71200. These levels...
🕵️♂️ Let's delve into this forex pair, representing the exchange rate between the British pound and the Canadian dollar, analyzing both the long and short term scenarios. 🕓 In higher timeframes, except for an event in September 2022, we're observing a range-bound behavior in candles, with a boxing pattern. Sometimes, the Canadians seem dominant, while other...
📈🚀 GBPCAD Market Update: Preparing for Bullish Breakout! 🎯💼 Forex Traders, exciting news on GBPCAD: OANDA:GBPCAD 🔄 Inverse Head and Shoulders Formation: GBPCAD has developed an inverse head and shoulders pattern at the bottom of its downtrend, signaling a potential bullish reversal. 📈 Current Status: The pair is currently forming the right shoulder. A...
GBPCAD - A Bearish Technical Perspective With the current data GBPCAD is showing for a possible bearish opportunity The price looks like completed a 5 wave pattern and if this is the end of the wave then it should be followed by a bearish correction soon. You may find more details in the chart! Thank you and Good Luck! ❤️PS: Please support with a like or...
Hello everyone, i want share my idea bout GBPCAD. If we look at higher timeframe, price action slowly but it's still going higher, last week we saw huge reactions from sellers but buyers still has control at price. My analysis at the moment is price action, if price will brake, 1.718 resistance LVL then we have much stronger resistance at 1.73 and 1.75. I am...
GBPCAD has breached the uptrend line and is presently undergoing testing. We anticipate rejection and anticipate a substantial downward movement in the near term. However, it's essential to exercise caution and trade responsibly, adhering to our identified risk management principles. Be sure to review our previous analyses for additional context.
My confluences have triggered Short for the rest of this week What are your thoughts? Trade safely my friends
Pure price action based on support and resistance and trendlines
the pair broke the resistance in 15min chart and i think that the breakout of the second trend line will lead to a decline . 50% fibo level is my main target. I go accordingly
all gap area was filed in last week. I think all liquidity of gbp cad are ready for purge . this movement is my idea but i need to wait until Tuseday .
📉 GBPCAD Analysis: Potential Resumption of Bearish Trend Ahead 📉 Hey Traders! 👋 📊 I've been closely tracking GBPCAD, and it's been quite the rollercoaster lately. Here's the scoop: 🐻 After a solid bearish wave, we saw a correctional movement that brought us to a critical juncture. Recently, the price hit a major horizontal resistance cluster. But here's the...
This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
Hello,Traders! GBP-CAD is going down But will soon hit a Horizontal support of 1.711 From where we will Be expecting a further Move down Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too!
Hey Traders, in today's trading session we are monitoring GBPCAD for a selling opportunity around 1.72100 zone, GBPCAD was trading in an uptrend and currently is in a correction phase in which it is approaching the retrace area at 1.72100 support and resistance area. Trade safe, Joe.
The Pound Sterling's recovery has encountered a standstill amidst robust speculation regarding early rate cuts by the Bank of England (BoE). Concurrently, the GBP/CAD pair, after establishing a bottom within its channel around 1.68880, initiated a pronounced bullish surge, propelled by a convergence of technical and seasonal indicators. Technically, the price...
🚨 Attention Traders: GBPCAD's Signature Dance Continues into Next Week! 📈📉 Hey there, trading enthusiasts! 🎉 I've got some exciting news for you all regarding GBPCAD, the dynamic duo of the British Pound and the Canadian Dollar. It seems like they're sticking to their signature moves, and I'm here to break it down for you. 💃💼 Picture this: GBPCAD has been...
Pure price action based on support and resistance and trendlines.
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