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Gbpcadsell

GBPCAD Continuation SellOn the monthly, price has yet to reach the D extension. We had a shallow retracement on the monthly fib with a stall out at the 1.18 1.27 extension. We had weekly and daily rejection at 1.82XXX. Long term picture, I see the potential for a sell down to 1.580XX. Shorter term (4HR), I see two possibilities, price could begin to retrace from current 4HR level 1.759XX or push down to the second Weekly level at 1.749XX and retrace back up to the 38.2 1.776X where we have 4HR resistance. The retracement up could be tradeable. For this leg of price, I see the potential for a sell to 1.739X with further downside potential to 1.716XX. At 1.7166X I think it will be time to re-evaluate once we see how price reacts at this level.
Short
by kacijackson
1
GBPCAD Bearish Momentum: Technical Analysis and Trade Idea.👀 👉 The GBPCAD has broken market structure to the downside on both the daily and four-hour charts. I’m anticipating further bearish movement, ideally following a pullback into my Fibonacci 5261.8% zone. Keep this pair on your radar during the US session tonight, as an upcoming data release could influence its movement. If the data aligns favorably and price action unfolds as outlined in the video, there may be a potential opportunity. ⚠️ This content is for educational purposes only and does not constitute financial advice.
Short
by fxtraderanthony
GBPCAD SELL | Idea Trading AnalysisGBPCAD is moving on support zone The chart is above the support level, which has already become a reversal point twice. We expect a decline in the channel after testing the current level. We expect a decline in the channel after testing the current level Hello Traders, here is the full analysis. I think we can soon see more fall from this range! GOOD LUCK! Great SELL opportunity GBPCAD I still did my best and this is the most likely count for me at the moment. ------------------- Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad ⚜️
Short
by TheGrove
5
Scenario GBPCAD continuation update levelsAccording to the previous prediction, I correctly calculated the short position and today it is just a continuation of this previous analysis with an adjustment of the level and a small description of the whole situation. With my eyes, we see resistance here at the price level of 1.78590. If the market does not break through, a peak has formed here, which ends with a triangle. For me, if there are no news that would reverse the trend, this position is short from my point of view. There may be an even smaller pull back, as I drew, we have the untested fibo level of 0.618, which is full of liquidity.
Short
by Sony97
#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
#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
GBP/CAD Bank Money Heist Plan on Bearish SideHola ola My Dear, Robbers / Money Makers & Losers, 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 focus on Short entry. Our target is Green Zone that is High risk Dangerous level, market is oversold / Consolidation / Trend Reversal / Trap 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, Use Trailing SL to protect our money. Entry : Can be taken Anywhere, What I suggest you to Place Sell Limit Orders in 15mins Timeframe Recent / Nearest Swing High Stop Loss : Recent Swing High using 2H timeframe Warning : Fundamental Analysis comes against our robbery plan. our plan will be ruined smash the Stop Loss. Don't Enter the market at the news update. Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of 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. Support our Robbery plan we can easily make money & take money 💰💵 Follow, Like & Share with your friends and Lovers. Make our Robbery Team Very Strong Join Ur hands with US. Loot Everything in this market everyday make money easily with Thief Trading Style
Short
by Thief_Trader
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.
Short
by Optimum369
GBPCAD Bank Money Heist Plan On Short DirectionMy Dear Robbers / Traders, This is our master plan to Heist GBPCAD Bank based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Short entry. Our target is Green Zone that is High risk Dangerous level, 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, Use Trailing SL to protect our money. Stop Loss : Recent Swing High using 4h timeframe Warning : Fundamental Analysis comes against our robbery plan. our plan will be ruined smash the Stop Loss. Don't Enter the market at the news update. Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of 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. Support our Robbery plan we can easily make money & take money 💰💵 Follow, Like & Share with your friends and Lovers. Make our Robbery Team Very Strong Join Ur hands with US. Loot Everything in this market everyday make money easily with Thief Trading Style.
Short
by Thief_Trader
1
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!
Short
by S-Fx_