GBP_CAD WILL KEEP FALLING|SHORT|
✅GBP_CAD broke the key
Horizontal level of 1.7650
Which is now a resistance
So we are bearish biased
And we will be expecting
A further bearish continuation
SHORT🔥
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CADGBP trade ideas
GBP/CAD ANALYSISWe're currently analyzing the 30M timeframe of GBPCAD, where the market price is forming a range. The key question is: which direction will the price break?
1: If the price breaks upwards, we'll enter a buy trade, targeting 1.77880.
2:If it breaks downwards, we’ll look to execute a sell trade, with targets at 1.76510 and 1.76260.
Candle confirmation is essential, and we'll only execute the trade once we have that confirmation in hand.
Always use stoploss for your trade.
Always use proper money management and proper R:R ratio.
#GBPCAD 30M Technical Analyze Expected Move.
GBPCAD ShortShorting GBPCAD again from the neckline. Tradeau has resigned. De-regulation to come, stronger crude, and stronger CAD. Correlated with market structure. Risking .5%.
GBP/CAD LONG FROM SUPPORT
Hello, Friends!
GBP/CAD is making a bearish pullback on the 12H TF and is nearing the support line below while we are generally bullish biased on the pair due to our previous 1W candle analysis, thus making a trend-following long a good option for us with the target being the 1.790 level.
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Lingrid | GBPCAD trend CONTINUATION tradeFX:GBPCAD market is currently ranging near a major resistance level after bouncing off a support level. It has also broken through the psychological level at 1.78000. I believe the market might form an ABCD pullback toward the resistance zone then continue moving lower. Given that the prevailing trend is bearish on the current timeframe, it's possible that prices could fall from the resistance nad make new lows. My goal is to support zone around 1.75760
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
GBPCAD: Ready for a Bullish Breakout?At present, the GBPCAD currency pair is suggesting a solid bullish opportunity. As per our analysis guided by the EASY Trading AI strategy, the optimal entry point is set at 1.77122. Our forecast indicates a clear potential for upward movement, as seen in the current market sentiments.
The sentiment remains inflated by several economic indicators favoring the British Pound over the Canadian Dollar. Recent data revealed a stronger-than-expected performance in the UK GDP, which boosts trader confidence. Coupled with a stable outlook on key economic policies, the timing aligns favorably for a buy position.
For risk management, we’ve established our Stop Loss at 1.76340667. This level allows us to cushion potential volatility while maintaining a calculated risk threshold. On the other side, our Take Profit target is positioned at 1.77812667, presenting a robust risk/reward ratio.
Keeping an eye on market moves and adapting as necessary is crucial. Don’t forget, using automated tools like those offered through the EASY Trading AI can further assist in maximizing trading efficiency and optimizing outcomes. Happy trading!
GBPCAD Downside PressureGBPCAD is at a break and retest level. Hitting the H4 EMA, trendline, 1.8000 psych and 50 fib level. Looking for more downside pressure
GBPCAD - Dow theoryGBPCAD is in down trend on 4h TF. A shorty p [ostion can be taken at its 0.5 fib level with SL above its last LH. No divergence is seen on this TF.
GBPCAD SELLThis pair has created a minimum of two LL and LH on the 4HTF and I have also mapped out my key area of values; resistance level and trendline which I anticipate the price to come back to hopefully before the CAD news comes out tomorrow for my short opportunity
GBP/CAD ROUTE MAPThis is my bias for GBP/CAD,
where I am expecting the market to sell off from these levels and zones. The market has given a clear MSS, and the SNS has also turned into RNR. Now let's see what happens and which opportunity market will give us.
The timeframe we have taken for this analysis is 1 hour.
We will take the confirmation and entry on the 30-minute or 15-minute timeframe.
Use stoploss for your trade.
Always use proper money management and proper R:R ratio.
#GBPCAD 1H Technical Analyze Expected Move.
POSSIBLE SELL OPPORTUNITY ON GBPCADPrice showing signs of strong momentum. We look for the pullback to take the trade.
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
GBPCAD On The Rise! BUY!
My dear friends,
Please, find my technical outlook for GBPCAD below:
The instrument tests an important psychological level 1.7763
Bias - Bullish
Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 1.7884
Recommended Stop Loss - 1.7690
About Used Indicators:
Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price.
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WISH YOU ALL LUCK
GBPCAD - Now Follow the Bulls!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
As per our last GBPCAD analysis, attached on the chart, it rejected the red circle and traded lower.
What's next?
📈 GBPCAD is currently approaching the lower bound of the channel.
Moreover, the blue zone is a strong demand.
🏹 Thus, the highlighted blue circle is a strong area to look for buy setups as it is the intersection of the blue demand and lower orange trendline.
📚 As per my trading style:
As #GBPCAD approaches the blue circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
GBPCAD - Follow the Bears!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈GBPCAD has been bearish trading within the falling channel in orange.
Currently, GBPCAD is approaching the upper bound of the channel.
Moreover, the red zone is a strong supply and structure.
🏹 Thus, the highlighted red circle is a strong area to look for sell setups as it is the intersection of the red supply and upper orange trendline.
📚 As per my trading style:
As #GBPCAD is around the red circle zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
GBP/CAD - Triangle BreakoutThe GBP/CAD pair on the M30 timeframe presents a Potential Selling Opportunity due to a recent breakout from a Triangle Pattern. This suggests a shift in momentum towards the downside in the coming hours.
Possible Short Trade:
Entry: Consider Entering A Short Position Below the Broken Trendline Of The Triangle After Confirmation.
Target Levels:
1st Support – 1.7787
2nd Support – 1.7722
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GBPCAD selling to support area 80-100 pips We price is currently heading towards the support zone, expect the bears to push the price further down.
GBPCAD
GBPCAD
Description:
📈 Position: Short
⚖️ R/R: 1:2
💡 "Risk comes from not knowing what you're doing." – Warren Buffett
📌 Manage your risk and trade responsibly.
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.
Bearish drop 50% Fibonacci resistance?GBP/CAD has reacted off the pivot which has been identified as an overlap resistance and could drop to the 1st support which acts as a pullback support.
Pivot: 1.7988
1st Support: 1.7804
1st Resistance: 1.8056
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Bearish Outlook for GBPCAD: Time to SellBased on the analysis from the EASY Trading AI strategy, I am projecting a bearish sentiment for the GBPCAD currency pair, recommending a sell position at an entry price of 1.79153. The current market dynamics, including economic indicators and global sentiment, suggest an upcoming decline.
With a take profit target set at 1.78826333 and a stop loss placed strategically at 1.79631333, the risk-reward ratio appears favorable for this trade. Recent fluctuations in oil prices and their impact on Canadian dollar strength, alongside the Bank of England's recent dovish statements, support the idea of a downward movement for GBPCAD.
The market has shown signs of weakness at the current levels, and with the anticipated continuation of this trend, I encourage traders to act accordingly. Remember, patience and discipline in trading are key—don't overlook market fluctuations and always be prepared to adjust your strategies based on new data. Happy trading!
GBPCAD: One More Bearish Confirmation?! 🇬🇧🇨🇦
GBPCAD forms one more bearish pattern on a 4H time frame
after a retest of a recently broken neckline of a head & shoulders pattern on a daily.
Chances are high that the price will go down and reach at least 1.7876 level.
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GBPCAD - Weekly Forecast - Technical Analysis & Trading Ideas!Midterm forecast (Daily Time-frame):
While the price is below the resistance 1.82310, beginning of downtrend is expected.
Technical analysis:
A peak is formed in daily chart at 1.82320 on 12/19/2024, so more losses to support(s) 1.79228, 1.78439, 1.76819 and minimum to Major Support (1.74790) is expected.
Take Profits:
1.79228
1.78439
1.76819
1.75765
1.74790
1.72705
1.70900
1.69267
1.67670
1.65599
1.63703
1.60894
Short-term forecast (H4 Time-frame):
A Head and Shoulder Reversal Pattern has formed and the neckline has also been broken.
Price is touching the neckline again.
It is very likely that the downward wave will start from this area.
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