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GBPCAD

GBPCAD Massive Short! SELL! My dear followers, This is my opinion on the GBPCAD next move: The asset is approaching an important pivot point 1.8040 Bias - Bearish Safe Stop Loss - 1.8084 Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market. Goal - 1.7967 About Used Indicators: For more efficient signals, super-trend is used in combination with other indicators like Pivot Points. ——————————— WISH YOU ALL LUCK
Short
by AnabelSignals
1
GBP/CAD Bearish Breakout Expected from RangeGBP/CAD is expected to break out to the downside after a period of ranging market conditions. Despite multiple market data releases, the pair remained unaffected and has shown a consolidation pattern. I believe the ranging phase is over, and GBP/CAD is now beginning a bearish trend. The first target for this move is 1.76450 , with potential for further downside Currently, the RSI is below the oversold level, indicating a possible correction before the breakout continues. I plan to add some positions at this point, and if the RSI impulsively moves up to the 50 level, I will add more positions. Best of luck with this bearish trade!
Short
by ClearTradingMind
GBPCAD - 4hrs ( Sell Trade target Range 160 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 ) Break Out Done Type : Mid Term Swing ——————————— Bearish Break 1.79350 Area Reasons - Major Turn level - Inner Choch - Day low - inner Fibo Golden - Visible Range Hvn Bullish Reversal 1.77400 area reasons - Major Turn level - visible Range Lvn / Value - Monthly Area - Fibo Golden - Choch Zone
Short
by GentleGoldenEngine
GBPCAD Sell signal at the top of the Channel Up.The GBPCAD pair has been trading within a Channel Up for more than 1 year (since September 28 2023) and since September 30 2024 has been on Lower Highs. The last time we saw such a trend-line as on the April 16 2024 Lower High, after which a strong short-term rejection took place. We expect a similar selling sequence to take place that should be contained however above the 1D MA200 (orange trend-line). Our Target is 1.77000 (Support 1). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Short
by TradingShot
GBPCAD is at its highest level since 2020. Time to sell?The GBPCAD is currently at a crucial resistance level of 1.8000, marking the highest point since 2020. The formation of a double top on the daily chart reinforces the notion of a potential bearish trend reversal. This reversal pattern indicates that the market is testing its ability to sustain prices above this resistance, yet has struggled to produce new consecutive highs, suggesting signs of buyer exhaustion. Furthermore, the emergence of a pin bar on 15 October highlights a clear rejection of prices above 1.8000, illustrating that the market has rejected attempts to breach this resistance and swiftly retreated to lower levels. The pin bar is recognised as a reversal candle with significant bearish implications, indicating profound selling pressure. When this pattern occurs at important resistance zones, as seen in this case, it increases the probability of a downward movement. Key Technical Indicators: Price at its highest level since 2020 at 1.8000. Formation of a double top on the daily chart. Classic bearish divergence on the daily chart. Formation of a pin bar indicating rejection of buying strength. Potential for Downward Movement Considering the above elements, a selling strategy could be justified if the price successfully breaks below the support level of 1.7920. This support level would serve as a trigger for confirming the anticipated downward movement. A breach of this level would indicate a loss of buying strength, paving the way for a sell-off towards lower support levels, such as 1.7750 and 1.7550. Alert for Traders In conclusion, the current market conditions and technical patterns suggest a bearish reversal may be on the horizon for GBPCAD. Traders should keep a close eye on the key support level of 1.7920, as a break below this point may present a valuable selling opportunity in the market. Disclaimer: 74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Past performance is not necessarily indicative of future results. The value of investments may fall as well as rise and the investor may not get back the amount initially invested. This content is not intended for nor applicable to residents of the UK.
Short
by Marketscom
Bearish momentum to extend?GBP/CAD is rising towards the pivot and could drop to the 78.6% Fibonacci support. Pivot: 1.7896 1st Support: 1.7829 1st Resistance: 1.7957 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
2
GBPCAD The Target Is DOWN! SELL! My dear friends, GBPCAD looks like it will make a good move, and here are the details: The market is trading on 1.8067 pivot level. Bias - Bearish Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market. Goal - 1.7965 Recommended Stop Loss - 1.8120 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
Short
by AnabelSignals
2
GBPCAD What Next? SELL! My dear subscribers, This is my opinion on the GBPCAD next move: The instrument tests an important psychological level 1.7981 Bias - Bearish Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market. Target - 1.7908 My Stop Loss - 1.8029 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. ——————————— WISH YOU ALL LUCK
Short
by AnabelSignals
2
GBPCAD - 4hrs ( Buy 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 ( Long ) Type : Mid Term Swing ——————————— Bullish Break 1.79400 Area Reasons - Major Turn level / D - Visible Range Lvn - Quarters low - inner Chanel Break - Fibo Golden - Visible Range hvn - inner Choch Bearish Reversal 1.81000 Area Reasons - Major Turn level / D - Choch Zone - Pattern Target - Fibo Golden - Prv highs
Long
by GentleGoldenEngine
GBPCAD Technical Analysis and Trade Idea👀👉 GBPCAD is displaying a strong bullish trend on the higher time frames, and I’m carefully observing for a potential buying opportunity, dependent on specific conditions discussed in the video. We will examine the essential price action signals to look for and how to position yourself effectively to take advantage of the next move. **Disclaimer**: This analysis is for informational purposes only and should not be interpreted as financial advice. 📊✅
Long
by fxtraderanthony
#GBPCAD 1DAY#GBPCAD 1-Day Forecast Sell based on a Trendline Breakdown On the daily chart for #GBPCAD, we are witnessing a bearish trendline breakdown, signaling a potential sell opportunity. The price has consistently respected a key upward trendline, but recent price action has seen a decisive break below this level, indicating a shift in market sentiment from bullish to bearish. Key Insights: 1. Trendline Breakdown: - After a prolonged period of following an upward trendline, the price has now broken below this support, confirming the loss of bullish momentum. - This breakdown marks the beginning of a potential downward trend, with increased selling pressure. 2. Bearish Momentum: - Following the breakdown, the price is showing signs of bearish momentum, with lower highs and lower lows forming, reinforcing the potential for further downside. - Confirmation of this sell signal can be strengthened by bearish candlestick formations, such as engulfing or rejection patterns near the trendline. 3. Volume Confirmation: - A rise in volume during the trendline breakdown adds credibility to the sell signal, showing stronger participation from sellers. 4. Stop-Loss Considerations: - For a sell trade, place a stop-loss above the broken trendline, in case of a false breakdown or a sudden reversal. #Trading Strategy: -Entry: Look for short positions after confirming the breakdown with a retest or strong bearish price action below the trendline. -Take Profit: Target lower support levels or previous swing lows as potential profit zones. -Stop Loss: Place stop-loss above the broken trendline to limit risk if the price reverses back above the trendline. This technical analysis highlights a sell bias on #GBPCAD for the daily timeframe, with a strong signal from the trendline breakdown suggesting further downside potential.
Short
by PIPSFIGHTER