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Gbpcadforecast

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.
Long
by Optimum369
2
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.
Short
by coolbouy
1
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.
Long
by forex_info
2
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.)
Short
by TheFxAce
5
GBP/CAD Ready for Short...The GBPCAD price is nearing a bearish order block, which could lead to a potential rejection between 1.75283 and 1.76063. Additionally, there is an unfilled imbalance in the range of 1.74736 to 1.74970. Share your thoughts in the comments section. Fundamentally The Canadian Dollar faced pressure following the release of official data indicating unexpected job losses in June, increasing the likelihood of another interest rate cut by the Bank of Canada. The Pound to Canadian Dollar exchange rate (GBP/CAD) surged to 1.7441, reaching its highest point since mid-June, as Statistics Canada reported a loss of 1.4K jobs in June, falling short of the expected 22.5K job growth. This decline from the 26.7K jobs added in May suggests that the previous strong figure was an anomaly, masking a clear trend of deterioration in the labor market. With Canada's unemployment rate climbing to 6.4% from 6.2%, the Bank of Canada may be more inclined to implement a second interest rate cut.
Short
by The_Golden_Path
1
GBPCAD: 700+ pips swing move in making; what you think? FX:GBPCAD After looking at the daily timeframe, we have identified the price pattern with this particular pair, we pointed out the upcoming big move based on similar move that this pair has made. Currently price has been rebounding from the strong buying zone where we expect a large volume to kick in the market. First our main aim will be to see how price react at the downtrend trendline and if price successfully breakthrough the region. We can then enter more entries with this pairs targeting long term 700+ pips. Good luck and trade safe.
Long
by Setupsfx_
10
GBPCAD I Long opportunity from bottom of the channel Welcome back! Let me know your thoughts in the comments! ** GBPCAD Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!Welcome back! Let me know your thoughts in the comments!
Long
by BKTradingAcademy
1
GBPCAD Bullish Side Money Heist PlanMy Dear Robbers / Traders, This is our master plan to Heist GBP/CAD Bank based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart. Our target is Green Zone that is High risk Dangerous level MA act as a Dynamic Resistance & Order Block, So the Market is overbought / Consolidation / Trend Reversal at the level Bullish Robbers / Traders gain the strength. Be safe and be careful and Be rich. Note: If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money Use Trailing Stop To Protect Looted Money and wait for next breakout of dynamic level / Order Block, Once it is cleared we can continue our heist plan to next new target it will update after the Breakouts. support our robbery plan we can easily make money & take money 💰💵 Join your hands with US. Loot Everything in this market everyday.
Long
by Thief_Trader
GBPCAD Money Heist Plan in Bearish DirectionMy Dear Robbers / Traders, This is our master plan to Heist GBP/CAD Bank based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart. Our target is Green Zone that is High risk Dangerous level MA act as a Dynamic Support & Order Block, So the Market is oversold / Consolidation / Trend Reversal at the level Bullish Robbers / Traders gain the strength. Be safe and be careful and Be rich. Note: If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money Use Trailing Stop To Protect Looted Money and wait for next breakout of dynamic level / Order Block, Once it is cleared we can continue our heist plan to next new target it will update after the Breakouts. support our robbery plan we can easily make money & take money 💰💵 Join your hands with US. Loot Everything in this market everyday.
Short
by Thief_Trader
2
GBP/CAD SHORT from 1.7469Drawing Fibonacci levels from the most significant high and low (2.0957 1/12/2005 to 1.4061 1/9/2022) will reveal that the current price is right on the 50.0Fibonacci level. 5 H4 candles ago, price briefly passed through this 50.0 level and was rejected. since then the next 2 candles have been doji indecision candles, followed by a pinbar and the current H4 candle is also shaping up to be a pinbar though we have 40 minutes before this closes. The Andean Oscillator on H1 has recently risen from zero to .0047 and the MACD H1 is signalling SHORT as the fast MA crosses the slow MA south. RSI is declining. Currently the price is following the 25 EMA which is just showing signs of heading south. Its worth pointing out that the price crossed north over the WR1 pivot on Monday and is right on the WR2 pivot level where it is being held. Yesterdays D1 candle was a pinbar bang on the 50.0 Fibonacci. The Daily Signal Bars price is red (bearish) and M1 M5 and M15 MACD, RSI and Stochastic are all red. You have to think we are headed lower from these levels especially as EUR/CAD and AUD/CAD are strongly BEARISH and USD/CAD is also BEARISH but less so. I'm not strongly favouring a SHORT trade here so I have a reduced position size but the plan is to get the trade to break even in advance of USD ADP Non-Farm at 13:15 and, more significantly, the BOC Rate Statement and Overnight Rate expected at 14:45. Any BULLISH sentiment coming from the B.O.C. will end this SHORT trade very rapidly but if the news is negative then declines will accelerate.
Short
by forextraplaces
GBPCAD DAILY ANALYSIS Hello, traders here is an analysis of GBPCAD next week As you can see the price has been bullish for the past few days and now it is in the resistance zone (green zone) that has been tested multiple times and you can see that the price created an inverted head and shoulders pattern that signals bullish move so now I am going to wait for the price to break the resistance zone then wait for a pullback to the resistance zone then look for bullish opportunities.
Long
by dlaminisya
GBPCAD Bullish Side Money heist Plan to be richMy Dear Robbers / Traders, This is our master plan to Heist Bullish side of GBP/CAD Bank based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned with target in the chart focus on Long entry, Our target is Red Zone that is High risk Dangerous area market is overbought / Consolidation / Trend Reversal at the level Bearish Robbers / Traders gain the strength. Be safe and be careful and Be rich. Note: If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic resistance level, Once it is cleared we can continue our heist plan to next new target. support our robbery plan we can easily make money & take money 💰💵 Join your hands with US. Loot Everything in this market everyday.
Long
by Thief_Trader
GBPCAD Short Trade Setup A #short trade opportunity recently presented itself on the #poundloonie (#GBPCAD) #trading chart 📉. This is indicated by the #bearish inverted pin bar candlestick 🕯️ pattern just below the 1.72552 horizontal resistance level. This indicates a rejection of the same level, with potential price move in the downward 👇 ⬇️ direction (#sell). Sufficient downward momentum should see price dumping towards the 1.69500 psychological level and possibly testing the strength of the 1.69171 horizontal support level. As always, please apply appropriate risk management. Happy trading! #crosspair
Short
by charles-okoukoni
1