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Gbpcadshort

#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
MASSIVE SELL CONTINUATION !!!Hello everyone, hope we are all doing very well !. My apologies first of all for not sending this setup from the very onset, if you check my EURUSD setup i sent in my profile, you'll see the same analysis right at the point where they both sold from, they both changed structure and they both retested their respective zones before tanking. This very clean setup is the continuation for the sell !. Today is kind of slow due to the bank holiday both in Canada and the US. Use proper risk and money management if you wish to take this trade...you can increase your stop level and put it just above the previous high of this current high !. My EURUSD analysis and setup similar to GBPCAD's is attached to this post if you wish to see it !.
Short
by LaBOSS_FX
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
Long
by ForexMasters2000
1
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 | Watchlist | Sell Limit | Technical Confluences: - Stochastics has entered into Overbought conditions in the Daily and H1 Timeframes - Price looks like it will target the top of the smaller parallel channel; it coincides with the 50% Fibo Extension levels - If the 50% Fibo levels break, we may visit the 61% Fibo Extension level; the next range of Interest Zone and the top of the larger Parallel channel - Gauging the Elliot wave count, GBPCAD is trying to complete Wave 3 move (we will then enter this trade to capture the Wave 4) ----- Will be looking to set some Sell Limit orders in the Sell Limit Zone area and Target the 50 - 61% Fibo Retracement levels -----
Short
by weekendanalyst
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_
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
GBPCAD Weekly Analysis and OutlookGBPCAD Weekly Analysis and Outlook This week, the GBPCAD pair has exhibited a marked downward trajectory, closing in a bearish continuation phase. This downward momentum reflects a negative sentiment among traders, suggesting further potential for decline. Current Market Overview: The pair has been steadily descending, supported by unfavorable market conditions and bearish sentiment. As it approaches a key support zone, traders should closely monitor the price action. A successful break below this support would likely confirm the continuation of the bearish trend. Expectations and Potential Scenarios: Upon breaking the support zone, we anticipate that the GBPCAD will continue its downward momentum. This breakout could open the door to lower levels, offering traders potential opportunities to capitalize on the bearish trend. Primary Expectation: If the support is broken, the price is likely to sustain its downward movement, potentially targeting lower support levels. This scenario would reinforce the bearish outlook, making it a favorable environment for short positions. Alternative Scenario: However, if the price encounters strong support and fails to break through, a temporary pullback could occur. Traders should be prepared for this scenario, as it might provide opportunities to reassess entry points at higher levels before resuming the downward trend. Conclusion: In summary, the GBPCAD pair is poised for further downward movement following its recent bearish phase. Traders should watch for a decisive break below the support zone, which could serve as a catalyst for continued declines. Maintaining awareness of both bearish and corrective scenarios will be crucial for effective trading strategies. Stay updated with market developments and adjust your positions accordingly. By Piptera Digital Solutions, Invest Wisely!
Short
by Piptera-Digital-Solutions
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