GBPCAD Next possible moveWe observe that GBP/CAD has reached a very interesting zone. A solid confirmation could allow us to target HIGHER 👆
Gbpcadforecast
Scenario GBPCAD levels update (ii)It's nothing new, I'm continuing in the short position, this analysis file only clarifies my understanding of the position from the lower timeframe, the important point for me will be at the marked point
GBPCAD is in the bearish directionHello Traders
In This Chart nzdcad 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
Scenario GBPCADInteresting formation, maybe it's a double top, I'll wait for the breakthrough of the trend line and then try a short position
#GBPCAD 1HHere’s a description for your GBP/CAD 1-hour chart analysis with a rising wedge pattern:
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GBP/CAD 1-Hour Chart Analysis:
A rising wedge pattern is forming on the GBP/CAD 1-hour timeframe. This pattern typically signals a potential bearish reversal after a steady upward movement. The price is moving within the wedge's tightening range, indicating weakening bullish momentum.
Forecast:
-Sell when the price breaks below the lower support line of the wedge.
- Once the support is breached, expect further downward movement, signaling a strong selling opportunity.
- The breakout could lead to a significant decline, with potential for more selling as momentum picks up.
GBPCAD swing trade idea(1:10RR)Hi,
GBPCAD swing short setup. It´s similar to our USDCAD analysis sent out yesterday, with many confluences indicating for a impulse downwards(Quarterly VWAP and fib levels). Be careful to trade this pair, as their is many macroeconomic news next week for both the currencies.
This analysis is taught and provided by Fractals Trading Community.
Trade safely and expect the unexpected,
Mei
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. 📊✅
170 pips potential drop on GBPCAD...GBPCAD is currently in the weekly resistance zone and we have seen the price making a reversal from the zone showing potential sign of dropping towards 1.78000 zone.
#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.
GBPCAD is in the bearish directionHello Traders
In This Chart nzdcad 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
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. 📊✅
GBPCAD Bullish Breakout! GBP-CAD is trading in an
Uptrend and the pair made
A strong bullish breakout
And the breakout is confirmed
So we will be expecting a
Further move up !
#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
GBPCAD is in the bearish directionHello Traders
In This Chart nzdcad 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
1:6 RR Sell Setup for GBPCAD😇 7 Dimension Analysis
Time Frame: H4
Swing Structure:
The current swing structure is bullish with a recent liquidity sweep followed by an inducement. A deep corrective swing move is highly anticipated, especially after the inducement pullback, which has solidified the bearish internal structure. The extreme Point of Interest (POI) and Order Block (OB) located in the discounted zone is the target area for the corrective move, making this a whale scoop entry model.
Resistance has been established with a fake breakout, increasing the likelihood of a bearish move.
Pattern:
🟢 Chart Patterns:
Reversal: Double Top and Trendline Breakout on the bearish side, along with a Shakeout, indicating a potential reversal.
🟢 Candle Patterns:
A long wick spinning top candle has appeared, rejecting the POI, followed by a series of momentum candles, including a bearish engulfing candle.
The Narrow Range 7 candle pattern has also given a bearish breakout, supporting the potential downward move.
Volume:
🟢 Outside of the fake-out candle, there hasn't been significant volume, suggesting that the highest volume candle might be a decision point where big players have initiated sell positions. Following their lead could be advantageous.
Momentum RSI:
🟢 The market is transitioning from a super bullish zone to a sideways phase, with a high probability of a range shift. The bearish divergence in RSI, coupled with loud moves, further supports this scenario.
Volatility Bollinger Bands:
🟢 Contraction is just beginning at the POI, and the next steps could involve a squeeze breakout and walking on the band, likely on the lower side. The M pattern and upper band puncher in the Bollinger Bands also suggest a forthcoming bearish trend.
Strength ADX:
ADX is a lagging indicator, but all other parameters point towards an anticipated bearish move, even if ADX is not yet confirming it.
Rating: ⭐⭐⭐⭐ (4 Stars)
Probability: 60%
This trade setup has a moderate probability, indicating a cautious but potentially rewarding bearish opportunity.
✔️ Entry Time Frame: H4
✅ Entry TF Structure: Bullish (this is a counter-trade)
☑️ POI: Swing Liquidity Sweep
💡 Decision: Initiate a Sell position.
🚀 Entry: 1.78300
✋ Stop Loss: 1.7875
🎯 Take Profit: 1.7479
😊 Risk to Reward Ratio: 6RR
🕛 Expected Duration: 7 Days
SUMMARY:
This H4 analysis suggests a counter-trade opportunity in a bullish structure that is showing signs of a potential bearish correction. The confluence of a liquidity sweep, inducement, and rejection at the POI, along with supporting chart and candle patterns, volume analysis, and RSI divergence, all point to a possible bearish move. The setup is rated with a 60% probability, indicating a moderate level of confidence. The trade should be monitored closely, especially around the entry and stop-loss levels, to capitalize on the expected move.
GBPCAD - Look for Continuation Short (SCALP) 1:2.8!The price action is forming a structured bullish pattern in the HTF, supported by the major trendline. However, the price failed to break the monthly resistance and closed lower than the HTF candle.
If the market moves in our favor, it may react at the order block within the Supply Zone (DBD) on the lower time frame (LTF), presenting a potential scalp short opportunity with an R
of 1:3, supported by the Fibonacci Retracement. The target would be the nearest Demand Zone before the bullish trend continues, assuming the trendline remains intact.
This setup is high-risk since we're trading against the major trend. However, it's important to remember that there are often smaller trends within the larger trend.
Disclaimer:
This is simply my personal technical analysis, and you're free to consider it as a reference or disregard it. No obligation! Emphasizing the importance of proper risk management—it can make a significant difference. Wishing you a successful and happy trading experience!
GBPCAD Strong Resistance Ahead!GBPCAD is trading in an
Uptrend but the pair is
Locally oversold so
After it hits a strong
Horizontal resistance
Level above at 1.78189
We will be expecting
A local bearish correction !
GBPCAD BUY! 1:2RRGBPCAD on daily time frame is bullish, after little retracement its ready to form another high.
In 4 hour time frame its taken liquidity from downside.
All scenerious indicate a bullush move, this signal is generated by our own developed algorithm..
Consider to follow to get such awesome trades
GBPCAD BUY! 1:2RRGBPCAD on daily time frame is bullish, after little retracement its ready to form another high.
In 4 hour time frame its taken liquidity from downside.
All scenerious indicate a bullush move, this signal is generated by our own developed algorithm..
Consider to follow to get such awesome trades
1:5 Risk to rewad 7 Dimension Buy setup For GBPCAD Core Analysis Method
Smart Money Concepts
😇 7 Dimension Analysis
Time Frame: H4
1: Swing Structure: The structure is totally bullish with proper BOS, taking two inducements. The corrective swing move with 4 pullbacks is almost done, indicating an upside reversal or impulsive move is about to start. All POIs, OBs, SOBs, BBs, FVGs, and LIQs have been mitigated. The current price is in the discounted zone, with support and demand also present.
2: Pattern
🟢 CHART PATTERNS
Reversal: Will monitor for any bullish patterns forming; none observed yet.
🟢 CANDLE PATTERNS
Record session and shrinking candle patterns are forming and finalizing themselves at the POI.
3: Volume
🟢 A massive volume was observed during the corrective move, but it has significantly decreased, indicating profit-taking or a trap for sellers.
4: Momentum RSI
🟢 In the sell zone with a range shift and divergence at the top of the move, indicating weaker bullish control. Observing what happens at the POI.
5: Volatility Bollinger Bands
🟢 After contraction, a squeeze breakout and walking on the band conditions are fulfilled. The great expansion is also about to end, indicating that bearish-side volatility is ending. The price may do a small consolidation at this level, and with the support of the bullish structure, the next volatility might go towards the bullish side.
6: Strength ADX
Total sideways at this point.
7: Rating: ⭐⭐⭐⭐ (because momentum is not supporting this setup yet, but all other parameters indicate an initial bullish setup)
✔️ Entry Time Frame: H4
✅ Entry TF Structure: Bullish
☑️ POI: Extreme Order Flow
💡 Decision: Buy limit
🚀 Entry: 1.7406
✋ Stop loss: 1.7257
🎯 Take profit: 1.8161
😊 Risk to reward Ratio: 5RR
🕛 Expected Duration: 15 days
SUMMARY: The analysis suggests a buy position based on Smart Money Concepts methodology, with structure, patterns, volume, momentum, volatility, strength, and sentiment indicating a potential bullish move. However, the momentum is currently not fully supportive, so caution is advised.
GBPCAD , Bearish according to VSA unless it breaks the level**Analysis for GBPCAD Short Trade:**
- **Volume Spread Analysis (VSA):** VSA suggests a downward move for GBPCAD, indicated by high volume and impulse buying candles. We will wait for a no-demand candle with low volume or an upthrust candle with low volume to confirm the entry.
- **Entry Confirmation:** The probability for a sell position is high, provided the price does not break above the upper resistance level marked on the chart.
- **Target Projections:** If the upper level is broken, potential targets TP1 and TP2 are marked on the chart. These levels are expected to be reached in the coming week.
GBPCADBullish Trend: GBP/CAD is showing a bullish trend on the 4-hour timeframe, indicating a potential new upward movement through wave 5 of a higher degree impulse wave.
Entry Strategy: Consider entering a buy position after a breakout above a key level or when the price completes a 50% to 61% retracement.
Wave 4 and Trendline: Wait for wave 4 to complete and touch the ascending trendline.
Confirmation: Enter a buy position after observing bullish rejection at the trendline.
SELL Off Imminent ?? Drop to 1.73 Next??As per my last trade idea on this pair we got the dip back down under the 1.73 mark and are now well inside the Monthly SELL zone fast approaching the 1.78 mark were I mentioned that the market may target (see related post)
So, what's next? Over the coming days and weeks, it’s likely we’ll see a sell-off for this pair.
On the weekly charts, the 1.775 level is a key resistance point where the market has repeatedly pulled back.
Zooming into the lower timeframes, the pair appears extremely overbought across all lower TF charts. This condition at a key resistance level typically signals an imminent trade in the opposite direction.
I will be patiently waiting for any SELL signals using my TRFX indicator, from the 4-hour to the daily chart. Once the first signal occurs, I plan to build a short position.
The initial target for this trade is the previous resistance area of 1.73, where buyers are likely to regroup for another attempt to break through the 1.775 resistance level before potentially moving back down toward 1.70 or lower.
Given the key resistance and overbought conditions, a sell trade seems the most logical next step.
Share your thoughts in the comments.
(P.S. I've been a bit busy the past few weeks, so I haven't been as active on the platform.)
