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CANADIAN DOLLAR / BRITISH POUND

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CADGBP trade ideas

Discipline Over MotivationSuccess in trading doesn't come from motivation—it comes from discipline. Motivation will get you started, but discipline will keep you consistent, even on the tough days." In trading, emotions often try to take control. Fear of missing out, revenge trading, or overconfidence can lead to poor decisions. Discipline means following your plan no matter how you feel. Consistency is the bridge between your trading plan and long-term results. Without it, even the best strategies can fail. How to Stay Disciplined? Define Your Rules: Have a clear entry, exit, and risk management plan before you trade. Track Your Performance: Use a journal to review trades—both wins and losses. Take Breaks: A tired mind leads to impulsive decisions. Detach from Outcomes: Focus on the process, not on winning every trade. Remember: The best traders aren't the most motivated—they're the most disciplined.
by Safaric
Could the price reverse from here?GBP/CAD is rising towards the resistance level which is an overlap resistance that aligns with the 38.2% and also slightly below the 50% Fibonacci retracement and could drop from this level to our take profit. Entry: 1.7737 Why we like it: There is an overlap resistance level that aligns with the 38.2% Fibonacci retracement. Stop loss: 1.7866 Why we like it: There is a pullback resistance level that is slightly below the 61.8% Fibonacci retracement. Take profit: 1.7493 Why we like it: There is a pullback support level. Enjoying your TradingView experience? Review us! Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Short
by VantageMarkets
Trading Idea Update: GBPCAD 4H - Bearish Continuation SetupThe GBPCAD 4-hour chart aligns with our previously identified bearish bias. The market is currently retracing into a Fair Value Gap (FVG) in a premium zone, providing a high-probability area for short entries. Here’s the updated breakdown: Fair Value Gap (FVG) in Premium Zone The price has retraced into a Daily Fair Value Gap (FVG), highlighted in red, which aligns with the premium zone of the recent swing. This zone represents a potential area where smart money could enter short positions after mitigating imbalances. Bearish Bias The bearish bias remains intact as the price is approaching an area of interest for a reversal. A rejection from this FVG zone could lead to further downside, targeting liquidity below previous swing lows. Key Targets First Target: 1.7520 — This is the nearest significant low that aligns with liquidity resting below. Second Target: 1.7420 — A deeper liquidity pool where price is expected to gravitate. Execution Plan Entry: Look for short positions within the FVG zone (1.7720 - 1.7790) after confirmation through lower time-frame bearish signals (e.g., CHOCH, BMS). Stop Loss: Place stops above the FVG zone, around 1.7820, to protect against further retracements. Take Profit: First Target: 1.7520 Second Target: 1.7420 Extended Target (if momentum continues): Below 1.7300 Confluence for Short Setup FVG Mitigation: Price is retracing into a clear imbalance in a premium zone. CHOCH: The bearish structure shift supports the continuation of the downtrend. Liquidity Targets: Sell-side liquidity exists below the recent lows, acting as magnets for price. Trend Continuation: The overall market is aligned with the bearish trend on higher time frames. Summary The GBPCAD 4-hour chart presents a high-probability bearish setup as price retraces into the FVG zone. A rejection here, supported by lower time-frame confirmations, aligns with the overall bearish trend and provides a favorable risk-to-reward opportunity. Targets are set at 1.7520, 1.7420, and potentially lower.
Short
by Cephas_John_
#013 DCA GBPCAD SellEarlier on, I took a short position on GBPUSD and TP-ed. GBPCAD and GBPUSD seems to be correlated by their movements and even more so because both of the products contain GBP in it. Even though in the short term, price seems to be moving upwards, but in the longer term as we can see on the chart (scroll back if you must, on the 15 Minutes Time Frame) price is moving lower and lower with more people buying into dollar strength. I am expecting the short-term higher high is due to today being a Monday and that London opened first, hence the GBP strength. I could be wrong and price could move further upwards from here but it is ok, I have another sell limit above and could also employ other methods to try to force a breakeven if price does keep moving upwards. There is still some space before GBPCAD touches the next previous Support level on the 4H Time Frame, so we shall see. 2001SGT 25112024 CADCHF trade still in drawdown but it's ok. we shall see
Short
by ProfessionalDuckHunter
GBPCAD 4hr ShortGBPCAD ✅ 4hr Short ✅ 💰ENTRY: 1.75480 👎STOP LOSS: 1.75752 TP TARGETS ⏰TP1 ⏰TP2 ⏰TP3 ✅ 1. Weekly Time Frame: Price has been breaking bearish and trending below the 10, 50, 200 EMAs. ✅ 2. Daily Time Frame: Price has been breaking bearish and trending below the 10, 50, 200 EMAs. ✅ 3. 4hr Time Frame: Price has made a valid correction into the 10 EMA. ✅ 4. Price has made a Swing high Engulfing candle below the 50ema. This is a great example of my systematic system.
Short
by angelvalentinx
GBPCAD Possible Short Position BBMA OA ReEntry Zone Zero Loss 4H - Re-Entry 1H - 50 EMA Rejection + Bollinger Band Rejection 15m - Entry in MAHI Note: * Cancel trade or cut-loss when candle close Above MAHI (2 Grenn Color Lines) in 4H * 1:3 RRR * TAYOR A combination of multiple moving averages and Bollinger Bands is the BBMA OMA Ally strategy. It provides an extensive and reliable examination of market trends and patterns by utilizing the strength of both indicators. It is a multi-time frame analysis I am using the BBMA OA Reentry Zone Zero Loss Strategy as a basic reaction to recent market events, rather than attempting to forecast the market's future course
Short
by GreggiBond