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CANADIAN DOLLAR / BRITISH POUND

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CADGBP trade ideas

GBP/CAD - Triangle Breakout (19.05.2025)The GBP/CAD pair on the M30 timeframe presents a Potential Buying Opportunity due to a recent Formation of a Triangle Pattern. This suggests a shift in momentum towards the upside and a higher likelihood of further advances in the coming hours. Possible Long Trade: Entry: Consider Entering A Long Position around Trendline Of The Pattern. Target Levels: 1st Resistance – 1.8651 2nd Resistance – 1.8685 🎁 Please hit the like button and 🎁 Leave a comment to support for My Post ! Your likes and comments are incredibly motivating and will encourage me to share more analysis with you. Best Regards, KABHI_TA_TRADING Thank you. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Long
by KABHI_TA_TRADING
30
GBPCAD BULLISH OR BEARISH DETAILED ANALYSISGBPCAD is currently trading around the 1.85700 level, consolidating inside a well-defined bullish pennant on the 2-day chart. This pattern formation follows a strong impulsive rally from the 1.71000 region earlier this year, signaling that the pair is in a re-accumulation phase before its next leg higher. Price action is coiling tightly within converging trendlines, and recent volume spikes suggest increasing interest and momentum from the bulls, pointing toward a potential breakout to the upside. On the fundamental front, the British pound is benefiting from rising wage inflation and a still-hawkish Bank of England tone, which keeps rate cut expectations muted compared to other G10 currencies. Meanwhile, the Canadian dollar remains under pressure due to softening oil prices and weaker-than-expected domestic data. The BoC has also signaled it may start easing in the coming months if inflation continues to slow, making CAD less attractive relative to GBP. Technically, a breakout above the pennant resistance around 1.8600–1.8650 with strong bullish volume would confirm the continuation of the prior uptrend. The projected target from this pattern sits near the 1.95700 area, aligning with previous major resistance and psychological round numbers. Momentum indicators are building to the upside, and price remains above all key moving averages on the higher timeframes, reinforcing the bullish outlook. With volume confirming accumulation, a breakout from this bullish pennant could accelerate quickly as trend-following strategies kick in. GBPCAD is well-positioned to capture the upside, and the current structure offers an excellent risk-to-reward opportunity in favor of bulls. In the context of macro divergence between GBP strength and CAD softness, the 1.95700 target looks highly achievable in the coming weeks.
Long
by AndrewsMarket-Mastery
3
GBP/CAD SENDS CLEAR BEARISH SIGNALS|SHORT Hello, Friends! It makes sense for us to go short on GBP/CAD right now from the resistance line above with the target of 1.836 because of the confluence of the two strong factors which are the general downtrend on the previous 1W candle and the overbought situation on the lower TF determined by it’s proximity to the upper BB band. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. ✅LIKE AND COMMENT MY IDEAS✅
Short
by EliteTradingSignals
1
Possible Bearish Reversal on GBPCAD | 4H Key ResistancePrice is currently testing a key resistance area near 1.86828 – 1.88313 (marked as Invalid Level). The market structure shows a potential double top and signs of exhaustion. Bias: Bearish reversal Entry Zone: Around 1.86828 Invalidation: Break and close above 1.88313 Target (TP): 1.70447 A rejection from this resistance could signal a strong move to the downside. Wait for confirmation (e.g., bearish engulfing, break of structure) before entering. Manage risk accordingly. Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Always do your own research and manage risk according to your trading plan.
Short
by Forex_Int
GBPCAD Daily – Full Technical & FundamentalANALYST´S NOTE: THIS TRADE REVIEW TEXT IS GENERATED BY SCREENSHOT READING FROM CHATGPT - Tommi Za 🧠 Fundamental Overview – GBP vs CAD (Mid-May 2025) 🇬🇧 GBP – Bullish Bias The Bank of England remains cautious on inflation, with strong wage growth and service sector resilience. The UK economy is avoiding recession; GDP data is stabilizing. Risk sentiment supports GBP as a relatively strong currency in a weak global macro environment. 🇨🇦 CAD – Bearish to Neutral Bias The Bank of Canada is likely done with rate hikes; some policymakers hint at possible easing. Oil prices, a major CAD driver, have pulled back due to slower global demand and lower Chinese growth. CAD is losing strength, particularly against currencies with stronger monetary policy expectations. → Conclusion: Fundamental Tailwind Favors GBP Long 📊 Technical Breakdown ⚙️ Market Structure & Trend The market is in a strong uptrend within a wide ascending channel. Recent breakout from a descending wedge pattern indicates potential for continued bullish momentum. Higher lows and higher highs structure is intact. 🧩 Key Technical Confluences Price recently broke above wedge resistance and is now consolidating just above it. Strong multi-level support confluence forms at the breakout retest: 38.2% Fib retracement Lower wedge trendline Ascending channel support EMA 50 (1.8389) Dynamic support from the EMA 200 (1.8038) remains intact, reinforcing bullish strength. The area marked for potential entry also overlaps with Fair Value Gap (FVG) zone and bullish order block. 📈 Indicator Readings RSI at ~56: neutral-bullish territory. No signs of exhaustion or divergence. Momentum is building, but still early — suggesting opportunity before acceleration. 🔍 Execution Plan Wait for price to revisit the confluence zone. Look for Sign of Strength (SOS) on lower timeframes (bullish BOS, engulfing, or trendline breakout). Do not buy blindly — confirm market intent at the zone. ANALYST´S NOTE 2: CHATGPT RATINGS FOR THE TRADE SETUP: ✅ Summary Rating Category Evaluation Trend Bullish across all timeframes (D, H4, W) Structure Clean breakout + retest within rising channel Confluence Fib + trendline + EMA + structure flip Indicators RSI neutral-bullish, EMA alignment positive Fundamentals Favors GBP strength vs weakening CAD Entry Plan Requires SOS confirmation, no impulsive entries Target Weekly liquidity highs / prior swing highs Risk Control Defined via 61.8% invalidation / EMA break → My Rating: ★★★★★ 9.3 / 10 A mature, high-confluence setup aligning technicals and macro fundamentals. Ideal for trend-following traders who wait for confirmation.
Long
by TommiZa
GBPCAD SELL TRADE PLAN📉 GBPCAD SELL TRADE PLAN 📅 Date: May 06, 2025 🎯 Type: Intra-Day to Short-Term Swing 📊 Confidence Level: ⭐⭐⭐⭐ (78%) 🔁 Structure Type: Reversal from H4 Supply + Liquidity Sweep 📌 Risk:Reward: 3.2:1 🔍 Market Context Bias: Bearish Primary Structure: D1 & H4 bearish sequence maintained Trigger Zone: Price tapped into H4 supply zone (liquidity sweep + inefficiency) Internal BOS: Present on H1 Volume: Clustered spike near zone, high rejection tail Macro Sentiment: CAD supported by crude oil strength; GBP softening across board Retail Positioning: GBP bullish bias, ideal for fade 🔰 SELL ENTRY ZONE Primary Sell Zone: 1.8435 – 1.8460 (H4 OB + Equal High Liquidity) Stop Loss: 1.8498 (Above inefficiency sweep + 1H ATR buffer) Entry Method: Scale-in (50% @ mid-zone, 50% @ top of zone) 🎯 TAKE PROFIT TARGETS TP1: 1.8350 → Internal liquidity grab (70+ pips) TP2: 1.8265 → Clean inefficiency + structural support TP3: 1.8180 → D1 demand + macro swing low 📏 RISK:REWARD PROFILE TP1: ~1.3:1 TP2: ~2.5:1 TP3: ~3.2:1 🧠 TRADE MANAGEMENT Initial Risk: 0.50% of portfolio SL to BE: After TP1 hit Partial Close: 60% @ TP1, 25% @ TP2, 15% trail into TP3 Exit Criteria: 1H bullish BOS + volume + RSI divergence News Filter: Exit before CAD high-impact news ⏱ VALIDITY Trade Plan Type: Intra-Day to 2-Day Swing Valid For: 24–36 hrs from first tap Expires: May 08, 2025 (NY session open) ❌ INVALIDATION H1 Close Above: 1.8500 Macro Catalyst Flip: Sudden BoC dovish bias or GBP hawkish surprise Volume Divergence: If price rises on declining volume past zone 🌐 SENTIMENT SNAPSHOT COT: CAD steady, GBP long exposure vulnerable Retail Traders: 68% long GBPCAD Cross-Confirmations: GBPAUD + GBPNZD show top structures Oil Market: Bullish (CAD-correlated) Sentiment Score: +6.5/10 ✅ TRADE SUMMARY GBPCAD presents a precise sell opportunity from H4 supply zone after sweeping local highs. The setup aligns with bearish D1 structure and macro CAD strength. Volume profile, liquidity engineering, and BOS validate this reversal. Clean downside targets offer ideal RR if managed per plan. Stay vigilant for NY session volatility or CAD data triggers. Strict invalidation guards the trade with asymmetric reward.
Short
by jibkhan111
7
Why GBP/CAD Looks Ready to Climb to 1.9382The next strong currency ready to climb is GBP/CAD Strong UK data recently boosted confidence in the pound. Oil prices are falling, weakening the CAD. The BoE hints at delayed rate cuts, supporting GBP. Technical breakout above resistance signals bullish momentum. Market sentiment favors GBP over commodity-linked currencies. We are also seeing strong technical signs including: Cup and Handle Price>20 and 200MA Target 1.9382 Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Long
by Timonrosso
GBPCAD continue deeper the retracementWeekly we are having the retracement from bull run, but I see potential on sells because of multiple rejection from AOI W formed, and beautiful Head&shoulders pattern formed on Daily timeframe. I excpect the wick of Weekly in this zone and with engulfing confirmation we can enter to sell to continue the push deeper to HL Weekly DISCLAIMER! The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by me
Short
by snapfx24
Oh, I forgot to mentionOh, I forgot to mention — the chart had a nice Head and Shoulders pattern too. But honestly? Forget it. In my opinion, Bitcoin is just a toy controlled by propaganda machines. Stay away from it — it’ll eventually crush you. The real problem is, you won’t find a legit mentor who’s serious and doesn’t trade crypto. In my own experience, after all this time, I’ve realized that almost all the channels — whether paid or free — are nonsense and mostly scams. Even those who give free signals “for the people” are usually just faking it to build trust. Their real plan is to scam people once they’ve built up enough followers. It’s all a game.
Short
by soroushshahabi639
GBPCAD - Potential SellCMCMARKETS:GBPCAD Hi Traders, here is my view on this pair. BIAS: SELL Logical Analysis: Since the end of 2022, the demand for this pair has been very high. As a trader, this strong demand leads me to favor trading it to the upside. However, it's important to remember that buying cannot happen without selling, which makes me believe that a potential discount may currently be taking place. We initially saw an aggressive discount from the 0.8700 level, bringing the price down to 0.8000, where buyers clearly stepped in. Since then, we've been following the momentum of the buyers. However, based on recent price action, it appears that buying interest is starting to weaken—or that buyers are no longer finding value in the trade—around the 0.8400 level. Technical Analysis: Key Levels Resistance (Sell Zone): 1.8420–1.8470 This area has acted as a ceiling multiple times. Price has failed to break and close above this level convincingly. Target (Support Zone): 1.8000 A well-established support area, also near the 200 EMA, which acts as a dynamic support. Timed Entry: Up to you :) Good Luck
Short
by tarati.lorenzo