GBPCAD: Bullish Continuation I spotted a clear bullish breakout above an important intraday resistance level on the 📈GBPCAD pair.
It is likely that the market will continue to rise. The next resistance levels to watch for are at 1.8089 and 1.8145.
CADGBP trade ideas
#GBPCAD bearish upcoming move
A clear 5-wave bearish impulsive move, followed by an ABC bullish correction, sets the stage for a potential bearish wave C or wave 3.
From a trading perspective, it’s not crucial whether the next wave is C or 3, as both scenarios indicate a likely bearish move. Additional confirmation comes from the bearish divergence between potential waves 3 and 5 in the current bullish leg (wave C).
To enter the trade, ensure you wait for a proper bearish breakout on a lower timeframe for confirmation.
GBPCAD DOR BUY.After price broke above a resistan zone which confirms price bullishness, wait for retest and enter long position.
GBPCAD swing trade idea(1:10RR)Hi,
GBPCAD swing short setup. It´s similar to our USDCAD analysis sent out yesterday, with many confluences indicating for a impulse downwards(Quarterly VWAP and fib levels). Be careful to trade this pair, as their is many macroeconomic news next week for both the currencies.
This analysis is taught and provided by Fractals Trading Community.
Trade safely and expect the unexpected,
Mei
GBPCAD ShortIts now reached the .618 on the daily fib and formed a 3 point retrace formation on the hourly.
Waiting for a clean break of the trendline for a entry confirmation
Short idea GBP/CADGbp has had a steady increase to the .618 fib.
A 3 point retrace pattern has formed at my point of interest on the hourly.
Waiting for a bearish confirmation of trendline break to enter
GBPCAD Long - same as ECAD, GBPCAD looking to go long on GCAD at the open tomorrow provided volume support the same on LTF
GBPCAD What Next? SELL!
My dear subscribers,
This is my opinion on the GBPCAD next move:
The instrument tests an important psychological level 1.7981
Bias - Bearish
Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 1.7908
My Stop Loss - 1.8029
About Used Indicators:
On the subsequent day, trading above the pivot point is thought to indicate ongoing bullish sentiment, while trading below the pivot point indicates bearish sentiment.
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WISH YOU ALL LUCK
GBP/CAD For Bullishyou can go long now
or
wait for entry point and go long
- General Trend is Up
- H4 Bullish Candle
- CAD is Under pressure
have fun :)
GBPCAD 11 Oct. 2024Hello my dear friends Pound - Canadian dollar is in an uptrend and i personally believe that today, it will go up again and will hit our target
GBPCAD SHORTSWeekly.: Engulfin candle in the making, 4th touch of trendline and pattern formation.
Daily: Bearish
4h: bearish
Psych level: 1.79000
Break and retest of trendline
Area of interest
Possible EMA retest
Fri 11th Oct 2024 GBP/CAD Daily Forex Chart Buy SetupGood morning fellow traders. On my Daily Forex charts using the High Probability & Divergence trading methods from my books, I have identified a new trade setup this morning. As usual, you can read my notes on the chart for my thoughts on this setup. The trade being a GBP/CAD Buy. Enjoy the day all. Cheers. Jim
Range manipulation in the HTF level. Short is possibleRange manipulation in the HTF level. Short is possible
I will be looking to position myself with my students and followers as highlighted on the chart if we get the confirmation.
Accumulation / Manipulation / Distribution
- No liquidity raid = No trade
- Never buy high and never sell low
“Adapt what is useful, reject what is useless, and add what is specifically your own.”
Dave FX Hunter ⚔
GBPCAD: Will Keep Falling! Here is Why:
It is essential that we apply multitimeframe technical analysis and there is no better example of why that is the case than the current GBPCAD chart which, if analyzed properly, clearly points in the upward direction.
❤️ Please, support our work with like & comment! ❤️
GBPCAD - 4hrs ( Buy Trade Target Range 150 PIP ) 🟢 Pair Name : GBP/CAD
Time Frame : 4hrs Chart / Close
Scale Type : Large Scale
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spreading knowledge among us and to clarify the most importan+t points of entry, exit and entry with more than 5 reasons
We seek to spread understanding rather than make money
🟢 Key Technical / Direction ( Long )
Type : Mid Term Swing
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Bullish Break
1.79400 Area
Reasons
- Major Turn level / D
- Visible Range Lvn
- Quarters low
- inner Chanel Break
- Fibo Golden
- Visible Range hvn
- inner Choch
Bearish Reversal
1.81000 Area
Reasons
- Major Turn level / D
- Choch Zone
- Pattern Target
- Fibo Golden
- Prv highs
GBPCAD Technical Analysis and Trade Idea👀👉 GBPCAD is displaying a strong bullish trend on the higher time frames, and I’m carefully observing for a potential buying opportunity, dependent on specific conditions discussed in the video. We will examine the essential price action signals to look for and how to position yourself effectively to take advantage of the next move. **Disclaimer**: This analysis is for informational purposes only and should not be interpreted as financial advice. 📊✅
GBPCAD 1DIn an ascending channel, after breaking the resistance, I am waiting for a pullback to retest that area.
GBP_CAD WILL KEEP GROWING|LONG|
✅GBP_CAD is trading in an
Uptrend and the pair made a
Bullish breakout of the key
Horizontal level of 1.7860
Which is now a support and
From where we are already
Seeing a bullish reaction so
We will be expecting a
Further bullish continuation
LONG🚀
✅Like and subscribe to never miss a new idea!✅
The Great British pound and the Canadian dollar is bearish The great beaches and Canadian dollar is bearish for the week
The Great British pound and the Canadian dollar is bearish The great beaches and Canadian dollar is bearish for the week
#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.
GBP/CAD - Potential Buy Reentry H4 TFTechnical analysis based on Basic BBMA strategies( Bollinger Band and Moving Average). This is just a potential market projection where the market price can go. Trade wisely.
