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CANADIAN DOLLAR / BRITISH POUND

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CADGBP trade ideas

GBPCAD Elliott Wave AnalysisHello friends In the GBPCAD currency pair, we are witnessing the formation of a 5-wave pattern or a zigzag. Our hypothesis is the formation of a 5-wave pattern. Waves 1 to 4 have formed. It is currently in the support range. This support range is formed by the collision of static and dynamic supports, which is relatively reliable, and the price has also corrected by 61.8% Fibonacci. Now we expect the price to grow, and the limits of wave 5 are indicated in the figure. The first target is 1.8800 and the second target is 1.9200. The third target is far from expected, but not impossible. Also consider the stop loss below wave 1. Be successful and profitable.
Long
by M_Gheysvandi
GBPCAD bearish continuation below 1.8440Market Sentiment: The prevailing trend for GBPCAD remains bearish, with the recent price action appearing to be an oversold bounce rather than a sustained recovery. Key Levels: Resistance: 1.8440 (Previous consolidation zone) Support Levels: 1.8050 followed by 1.7980 and 1.7870 Potential Scenarios: Bearish Continuation: If GBPCAD fails to break above1.8440 and faces rejection, it could resume its downtrend, targeting 1.8040 initially, followed by 1.7980 and 1.7870 over the longer term. Bullish Breakout: A confirmed breakout and daily close above 1.8440 would shift the sentiment bullish, paving the way for a rally toward 1.8500 and potentially 1.8570 Conclusion: GBPCAD remains in a bearish structure unless a breakout above 1.8440 is confirmed. Until then, price action suggests that any rally is likely to be a short-term relief within a broader downtrend. This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
by TradeNation
LONG GBP/CAD 4H Investment Opportunity Hello, I am Trader Andrea Russo and today I want to share with you an interesting LONG investment opportunity on GBP/CAD. We are on a 4-hour (4H) chart, and several technical indicators are highlighting an increase in bullish pressure. Oversold signals and the recovery of momentum suggest a potential reversal to the upside, making this configuration particularly promising. Investment Setup: Entry Price: 1.812 Signal: BUY with Target Price set at 1.835 (TP: 1.27%). Stop Loss: set at 1.8033 (SL: 0.48%). Thanks to our SwipeUP Reversal Radar Multi-Timeframe Alerts indicator, we were able to identify: The oversold zone, which suggested the opportunity for a rebound. The Break Point, which confirmed the beginning of a potential reversal to the upside. The entry point, to maximize the risk/reward ratio. As a Target point, we have chosen the area highlighted in the photo, which is the first important resistance that in our opinion represents a key level where the price could slow down. 👉 This setup takes advantage of the current bullish pressure and offers a favorable risk/reward ratio. I encourage you to monitor this setup and implement solid risk management in your trading plan. Happy trading everyone! 📈
Long
by Andrea_Russo_SwipeUP
Bullish bounce off overlap support?GBP/CAD has bounced off the pivot and could rise tot he 1st resistance. Pivot: 1.8119 1st Support: 1.7991 1st Resistance: 1.8368 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Long
by ICmarkets
Bullish bounce?GBP/CAD is reacting off the support level which is an overlap that is slightly above the 61.8% Fibonacci retracement and could potentially rise from this level to our take profit. Entry: 1.8139 Why we like it: There is an overlap support level that is slightly above the 61.8% Fibonacci retracement. Stop loss: 1.8000 Why we like it: There is a pullback support level that lines up with the 71% Fibonacci retracement. Take profit: 1.8385 Why we like it: There is a pullback resistance level that aligns with the 50% Fibonacci retracement. Enjoying your TradingView experience? Review us! Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Long
by VantageMarkets
Potential bearish drop?GBP/CAD is reacting off the pivot which is an overlap resistance and could drop to the 1st support. Pivot: 1.8157 1st Support: 1.7918 1st Resistance: 1.8332 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Short
by ICmarkets
1
GBPCAD: Bullish Continuation is Expected! Here is Why: Remember that we can not, and should not impose our will on the market but rather listen to its whims and make profit by following it. And thus shall be done today on the GBPCAD pair which is likely to be pushed up by the bulls so we will buy! Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. ❤️ Please, support our work with like & comment! ❤️
Long
by UnitedSignals
1
GBP/CAD Outlook: Support Holding for NowGBP/CAD has stopped falling around the 1.8330 level, which is now acting as support. From this point, the price looks like it might move higher. The target to watch is around 1.8470, which could act as a minor resistance. If the price manages to break above 1.8470, there's a stronger chance it will keep going up. However, if the price drops below 1.8330, that could mean the market is turning bearish. In that case, the next support level to look for is around 1.8220. So overall, as long as GBP/CAD stays above 1.8330, the outlook remains positive, with a likely move toward and beyond 1.8470.
by FXTradingAnalysis
GBPCAD will Fly , All Confirmations are in the Bullish SideHello Traders In This Chart GBPCAD HOURLY Forex Forecast By FOREX PLANET today GBPCAD analysis 👆 🟢This Chart includes_ (GBPCAD market update) 🟢What is The Next Opportunity on GBPCAD Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Chart
Long
by ForexMasters2000
1