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CANADIAN DOLLAR / BRITISH POUND

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CADGBP trade ideas

GBP/CAD Fall of the Pound A Bearish Trap Has Been Set Rising Channel Breakdown The chart previously exhibited a rising channel with two parallel white trendlines containing the price movement. The price broke below the channel, signaling a shift in market structure from bullish to bearish. Bearish Momentum Confirmation After the breakdown, the price retested the lower trendline but failed to reclaim it, confirming resistance. A strong bearish rejection followed, indicated by the red shaded area showing selling momentum. Short Entry & Risk-Reward Setup The short position was entered near 1.78981, slightly below the breakdown point. The stop-loss is set at 1.80996, positioned above the breakdown level to avoid whipsaws. The take-profit target is 1.75724, aligning with previous support and a logical demand zone. Indicators & Confluence EMA or Trend-Based Indicator. The red shading suggests the price is trending below a dynamic moving average, reinforcing bearish sentiment. Bearish Candlestick Formation, A series of red candles and a retest failure further confirm selling pressure. Trade Rationale & Risk-Reward Analysis Trade Type: Short Entry: 1.78981 Stop Loss: 1.80996 (~200 pips above entry) Take Profit: 1.75724 ( 325 pips below entry) Always book Profit every 10% Risk-Reward Ratio: 1:1.6 , indicating a solid risk-adjusted trade with a favorable reward potential. This trade capitalizes on the bearish breakdown of the rising channel, with a clear stop-loss placement and a logical take-profit target. If momentum sustains, the price could continue trending lower towards 1.75724 or even extend further.
Short
by wolfchemist
1
GBPCAD is in the bearish directionHello Traders In This Chart gbpcad 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
gbpcad sell entry follow me and like for more updates please 1.4h 2downtrend/bos we wait the retest to sell 3resistance level/support 4double top/double top form and breake out structure/ 5rsi78/sto91/Vol bearish//rsi65/sto40/Vol bearish//rsi46/sto12/volbearish 6vol bearish/we wait the sell confirmation 7fiibex done at the perfect zone to sell///in red zone prepare to sell, above zone 8fibretrac blue zone perfect zone to sell// done at blue, above zone 9 big sellers enter here …/about tp sell becaude the gap didn’t break te resis zone yet 10.load sell orders 11r/r1/3,1/4,1/6 12bearish divergence / bearish divergence //bearish diveegence 13bearish expanding triangle /bearisharami/spinning top/evening star/tweezer top 14 bearish flag pattern /bearish Downtrend support zone sell after retracement If the fib does not reach the 61zone then is a strong downtrend Since is Tuesday a sell can be possible since the highs are already formed Market about to retrace and fib target above to sell 1.2h 2downtrend 3resistance level/support zone/ 4rising wedge /bearish pannent /bearish expanding triangle/ 5rsi60/sto67/volpower loss and selling getting geround/rsi65/sto49/volbearish 6.rsi64/sto72/vol if breaks te resis zone above we look for buy entries 7fibextern blue zone exoec/pattern drawn/exp 8fib retrac redzone breakout structure/bearish expectation/exp 9strong zone /sell at te highest cprice 10expecting sell at the bos zone 11.1/2,1/3,1/4,1/6//1/3 12bearish divergence /bearish divergence / 13bearish engulfin/three dark soldiers/marobusa /tweezer top/ 14. bullish and sell later Because of usa new tomorrow we wait to sell at the fibex blue zone above or execute below thehl of the bearish pannent (sell) Bos at the bearish exp triangle we expthe second retracement to sell down 1.1h 2consolidation/downtrend/ 3resistance/resis/supportzone 4symmentric expanding triangle/double top 5rsi58/sto77/volbull insisting but a bearish signal s good to sell /rsi68/sto82/vol//rsi34/sto17/vol bearish 6,new sell positin entering , expect sellers 7fibex done/exp 8fibretrac done /exp 9expectx selerssells/sell below the fibzones 10wait the retracement first before selling 11.1/2,1/3 12bearish divergence/ 13doji spinning top/bearish engulfing / 14 Entry conditions at blue zone selling possibilities (aaasetup)3% x 3 at the 3 interval zone remove 1 tp at support zone and wait te retracement and add sell limit orders Tp 1 at the blue zone down wait retrace and sell more Enter 0.001 at each level / wait the retracement for sell limit order Sell position at zone of interest Satuday analysis done /
Short
by Forexnation237
GBPCAD Approaching Key Resistance — Will Sellers Step In?OANDA:GBPCAD is approaching a key resistance zone, a level previously met with strong selling pressure. The market has rejected this level before, indicating the presence of supply and reinforcing the potential for another move lower. If bearish confirmation follows—such as rejection wicks or strong bearish candles—this could trigger a continuation to the downside, with 1.80080 as the next key target. However, a breakout above this resistance would invalidate the bearish bias, shifting focus toward higher levels. This is not financial advice but rather how I approach support/resistance zones. Remember, always wait for confirmation, like a rejection candle or volume spike before jumping in. Please boost this post, every like and comment drives me to bring you more ideas! I’d love to hear your perspective in the comments. Best of luck , TrendDiva
Short
by TrendDiva
3
GBPCAD is ready to push againNo comment needed. All information is in the chart analysis. Steps to follow: Analyze yourself. Take the position with SL and Take Profits. Wait, it may take a couple of days, so take a break and step away from the screen from time to time, just like I do :) Get the result. I will update the trade every day. Like, comment with your good mood or viewpoint, share with your circle. It’s together that we get stronger! Good trades, Traders! The golden bear
Long
by thegoldenbear
GBPCAD is ready For a BuyHello 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
GBPCAD SELL NOW !!!!!!!!!!!!!!!!!!!!1.2h 2downtrend 3resistance level 4rising wedge /bearish pannent 5rsi60/sto67/volpower loss and selling getting geround 6 7fibextern blue zone exoec 8fib retrac redzone breakout structure 9 10 11 12bearish divergence / 13bearish engulfin/three dark soldiers 14 Because of usa new tomorrow we wait to sell at the fibex blue zone above or execute below thehl of the bearish pannent (sell) 1.1h 2consolidation 3resistance 4symmentric expanding triangle 5rsi58/sto77/volbull insisting but a bearish signal s good to sell 6 7fibex 8fibretrac 9 10 11 12bearish divergence/ 13doji spinning top/ 14 Entry conditions at blue zone selling possibilities (aaasetup)3% x 3 at the 3 interval zone remove 1 tp at support zone and wait te retracement and add sell limit orders Tp 1 at the blue zone down wait retrace and sell more Enter 0.001 at each level / wait the retracement for sell limit order Friday 31 jenaury 1 entry point as valided Expecting retracement for the second entry
Short
by Forexnation237
GBPCAD SHORTMY ANALYSIS ON GBPCAD My Analysis on this pair:: Based on the current technical setup, this pair exhibits bullish structure; however, the price is testing a critical resistance zone coinciding with the 61.8% Fibonacci retracement level. While the broader trend appears upward, the confluence of resistance at this key Fibonacci level introduces significant downside risk, leading me to adopt a cautious bearish bias. Given the conflicting signals between bullish momentum and strong resistance, I recommend exercising caution with position sizing if considering a contrarian bearish trade. Trading against the trend carries elevated risk, and adhering to strict risk management (e.g., tight stop-loss parameters) would be prudent in this scenario. To refine this assessment, I would appreciate your perspective: Do you interpret this price action as a bullish continuation signal, or do you share concerns about potential rejection at the Fibonacci resistance? Your insights on this pair’s direction would be valuable.
Short
by sirkamal