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British Pound / Canadian Dollar

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GBPCAD: Retracement + Key LevelsBias: Short Type: Against the trend Trend: Uptrend Area of Value: 2 Resistance Hits + Quarter Open Momentum: 1D MACD Histogram about to cross the Low Tide Entry: 1.87057 Exit: Stop Loss @ 1.88637; Take Profit @ 1.82317 Analysis: Fact 1: GBPCAD is in an uptrend as clearly seen it's Higher Lows and Higher Highs. Fact 2: GBPCAD is an uptrend respecting the trend line since 2023 . Fact 3: GBPCAD touches the key support level and the trend line simultaneously, before breaking into a new higher high. Conclusion Since GBPCAD is in an uptrend, and has not accomplished the facts of the past for reaching a new high which is to touch the key support level + touch the trend line. I believe that GBPCAD will retrace into the key support level @ 1.82300 and simultaneously bounce off the trendline before reaching a new higher high. Risk to Reward: 3
Short
by Rennalt_Capital
GBPCAD Technical Analysis! BUY! My dear subscribers, This is my opinion on the GBPCAD next move: The instrument tests an important psychological level 1.8703 Bias - Bullish Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market. Target - 1.8742 My Stop Loss - 1.8681 About Used Indicators: On the subsequent day, trading above the pivot point is thought to indicate ongoing bullish sentiment, while trading below the pivot point indicates bearish sentiment. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. ——————————— WISH YOU ALL LUCK
Long
by AnabelSignals
1
GBPCAD corrective pullback The GBPCAD remains in a bullish trend, with recent price action showing signs of a corrective pullback within the broader uptrend. Support Zone: 1.8720 – a key level from previous consolidation. Price is currently testing or approaching this level. A bullish rebound from 1.8720 would confirm ongoing upside momentum, with potential targets at: 1.8835 – initial resistance 1.8880 – psychological and structural level 1.8920 – extended resistance on the longer-term chart Bearish Scenario: A confirmed break and daily close below 1.8720 would weaken the bullish outlook and suggest deeper downside risk toward: 1.8680 – minor support 1.8640 – stronger support and potential demand zone Outlook: Bullish bias remains intact while the GBPCAD holds above 1.8720. A sustained break below this level could shift momentum to the downside in the short term. 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 Trade Nation
Sell GBP/CAD at top of rising channelThere is a lot of high impact data for both the CAD & USD pairs this week. GBP/CAD price action is at a very important area now and quite often in situations like this a false breakout is possible. Therefore I am selling the pair just before the top of the range and rising channel. Sell Limit : 1.8855 top of channel / strong resistance (false breakout) Stop : 1.8957 above top of channel Profit : 1.8650 strong support Risk 1 : 2 stop is 102 pips
Short
by ForexExpats1
GBPCAD - 6 months ASCENDING TRIANGLE══════════════════════════════ Since 2014, my markets approach is to spot trading opportunities based solely on the development of CLASSICAL CHART PATTERNS 🤝Let’s learn and grow together 🤝 ══════════════════════════════ Hello Traders ✌ After a careful consideration I came to the conclusion that: - it is crucial to be quick in alerting you with all the opportunities I spot and often I don't post a good pattern because I don't have the opportunity to write down a proper didactical comment; - since my parameters to identify a Classical Pattern and its scenario are very well defined, many of my comments were and would be redundant; - the information that I think is important is very simple and can easily be understood just by looking at charts; For these reasons and hoping to give you a better help, I decided to write comments only when something very specific or interesting shows up, otherwise all the information is shown on the chart. Thank you all for your support 🔎🔎🔎 ALWAYS REMEMBER "A pattern IS NOT a Pattern until the breakout is completed. Before that moment it is just a bunch of colorful candlesticks on a chart of your watchlist" ═════════════════════════════ ⚠ DISCLAIMER ⚠ The content is The Art Of Charting's personal opinion and it is posted purely for educational purpose and therefore it must not be taken as a direct or indirect investing recommendations or advices. Any action taken upon these information is at your own risk.
Long
by TheArtOfCharting