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GBPCAD

#GBPCAD 1DAYGBPCAD (British Pound / Canadian Dollar) Timeframe: Daily (1D) Pattern: Channel A descending price channel has been identified on the daily chart of the GBPCAD pair. This pattern is defined by two parallel trendlines—one acting as resistance (upper boundary) and the other as support (lower boundary)—with the price moving within these boundaries. The channel is sloping downward, indicating a bearish trend as the pair forms lower highs and lower lows. Forecast: Sell Based on the ongoing channel pattern, a selling opportunity is forecasted. The price is expected to continue moving lower within the confines of the channel, potentially offering an opportunity for traders to short the pair as it approaches the upper boundary. Technical Outlook: Resistance Zone: The upper boundary of the channel, where selling pressure may increase. Support Zone: The lower boundary of the channel, which could act as a target for the downside movement. Key Levels to Watch: A break below the lower boundary of the channel would signal further bearish momentum and could lead to a stronger sell-off. Traders may look for bearish signals, such as rejection from the upper trendline or volume spikes during price declines, to confirm entry points. External factors like commodity prices (oil, as CAD is commodity-sensitive) and economic data releases should be monitored, as they can impact the movement of this pair.
Short
by PIPSFIGHTER
GBPCAD - 4hrs ( Sell Trade Target Range 150 PIP )🟢Pair Name : GBP/CAD Time Frame : 4hrs Chart / Close Scale Type : Large Scale ------ spreading knowledge among us and to clarify the most importan+t points of entry, exit and entry with more than 5 reasons We seek to spread understanding rather than make money 🟢Key Technical / Direction ( Short ) Type : Mid Term Swing ——————————— ✅Bearish Break 1.80150 Area Reasons ✅Major Turn level / M ✅Visible Range Hvn ✅Channel Break ✅Day / week low Break ✅Reversal Pattern Bullish Reversal 1.78600 Area
Long
by GentleGoldenEngine
GBPCAD Technical Analysis and Trade Idea👀 👉 GBPCAD has recently broken its market structure to the upside, signaling a potential bullish opportunity. The breakout is evident on both the daily and 4-hour charts, suggesting a buying setup could be forming. In this video, we’ll analyze the market structure, price action, and focus on the prevailing trend. We’ll also highlight a potential trade setup, contingent on the price action aligning with our outlined scenario. **Disclaimer:** This content is for educational purposes only and should not be interpreted as financial advice. Always conduct your own analysis or consult a financial professional before making any trading decisions. 📊✅
Long
by fxtraderanthony
GBPCAD Will Go Lower From Resistance! Sell! Take a look at our analysis for GBPCAD. Time Frame: 15m Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is trading around a solid horizontal structure 1.783. The above observations make me that the market will inevitably achieve 1.780 level. 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!
Short
by SignalProvider
1
GBPCAD - 4hrs ( Sell Trade Target Range 180 PIP ) Pair Name : GBP/CAD Time Frame : 4hrs Chart / Close Scale Type : Large Scale ------ spreading knowledge among us and to clarify the most importan+t points of entry, exit and entry with more than 5 reasons We seek to spread understanding rather than make money Key Technical / Direction ( Sell Opportunity ) Type : Mid Term Swing ——————————— Bearish Reversal 1.77100 area Reasons - Major Turn level - Major Counter Trend - Choch zone - Quarter's Area - Fixed Poc Area - Visible Range Hvn Bullish Reversal 1.75300 Area Reasons - Major Turn level / D - Visible Range Lvn - Fixed Value - Pattern Target - Choch Zone - Fibo Golden
Short
by GentleGoldenEngine
GBPCAD Trading Opportunity! BUY! My dear friends, GBPCAD looks like it will make a good move, and here are the details: The market is trading on 1.7742 pivot level. Bias - Bullish Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market. Goal - 1.7768 About Used Indicators: Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis ——————————— WISH YOU ALL LUCK
Long
by AnabelSignals
13
#GBPCAD 1DAYOn the 1-day chart of GBP/CAD, the pair is facing a resistance level at 1.78300. This level has proven to be a significant barrier, preventing the price from rising further. If the pair fails to break through this resistance and begins to reverse, the next potential target level could be 1.75800, which may serve as a key support area. Traders might look for a rejection at 1.78300, followed by a decline towards the 1.75800 target. A bearish confirmation, such as a reversal pattern or weakening momentum near resistance, could strengthen the likelihood of this move
Short
by PIPSFIGHTER
GBPCAD Will Go Down From Resistance! Short! Please, check our technical outlook for GBPCAD. Time Frame: 1h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is testing a major horizontal structure 1.782. Taking into consideration the structure & trend analysis, I believe that the market will reach 1.779 level soon. P.S Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback. Like and subscribe and comment my ideas if you enjoy them!
Short
by SignalProvider
1
Over and Over again !!!Hello everyone, a new happy trading week to us all !. Price will always come back, tap and respect a valid unmitigated order block in this kind of setup i have been consistently sending here and it happens over and over again. Oy's not easy to patiently wait for price to always come back but as always, PATIENCE is the name of the game !. Would you rather force trades whenever price comes to unmitigated order blocks or just target valid unmitigated order blocks that meets every requirement. Do not risk even a dollar of your money if you aren't sure of any setup because confidence stems from taking trades consistently based off on your strategy , that makes you money each time, so when you don't see your setup, you won't trade but you know that if you take trades, it's only because you see your setup and that's why you enter...(I hope i'm making a bit of sense). Always use proper risk management and do your own analysis always.
by LaBOSS_FX
Bullish Outlook for GBP/CAD with Key Level at 1.78160The GBP/CAD pair is expected to move bullishly, targeting the 1.78160 level. On the 1-hour chart, the price has successfully broken out of a descending channel, creating a higher high before retracing. This movement is significant, especially with the RSI indicator reaching overbought levels, suggesting strong upward momentum. I anticipate that a more favorable entry point would be when the RSI dips below the 50 level, indicating a potential pullback within the ongoing bullish trend. This setup strongly supports the view that the pair will continue its upward movement towards the 1.78160 target. We'll see how the market develops from here.
by ClearTradingMind