GBPCADGBPCAD is in reversal mode
Bearish divergence also shown in RSI.
Market sentiment is also bearish.
We sell at CMP
GBPCAD.1.MINI trade ideas
GBPCAD Wave Analysis 11 December 2024
- GBPCAD reversed from strong resistance zone
- Likely to fall to support level 1.8000
GBPCAD currency pair recently reversed down from the strong resistance zone located at the intersection of the upper daily Bollinger Band and the key resistance level 1.8100, which has been reversing the pair from September.
The downward reversal from this resistance zone stopped the C-wave of the previous ABC correction (B) from the end of November.
Given the strength of the resistance level 1.8100, GBPCAD currency pair can be expected to correct down to the next round support level 1.8000.
GBPCAD-SELL strategy 12-hourly chart The pair is way overbought, and the real correction will likely be tonight after BOC decision. we could have a rate cut, as expected, or maybe not, and statements by them, may create CAD correction.
Strategy SELL @ 1.8070-1.8110 range and take profit near 1.7878 (or first stop at 1.7965).
Bearish drop?GBP/CAD is reacting off the pivot and could drop to the 23.6% Fibonacci support.
Pivot: 1.8113
1st Support: 1.7997
1st Resistance: 1.8243
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.
+180/+360 pips GBPCAD Swing trade setup🔸Hello traders, let's review the H4 chart for GBPCAD today. Trading
near premium prices of the multiweek range, closing in on heavy S/R
Currently risk/reward is shifting in bears favor, so it's recommended
to look for sell side setups in this market.
🔸Bearish OB / fresh liquidity set at 8095/8125. Price structure
indicates potential incoming reversal once we trigger the OB.
🔸Recommended strategy for GBPCAD traders: focus on short selling any rips/rallies near OB 8095/8125 price is currently trading near premium levels and is maxed out already, limited upside. TP1 bears +180 TP2 bears +360 pips final exit 7750 keep in mind this is a swing trade setup so naturally will take more time to complete / hit both targets. good luck traders!
🎁Please hit the like button and
🎁Leave a comment to support our team!
RISK DISCLAIMER:
Trading Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.
GBPCAD - 4hrs ( Sell Trade Target Range 180 PIP ) Pair Name :GBP/CAD
Time Frame : 4hrs Chart / Close
Scale Type : Large Scale
------
Key Technical / Direction ( Short )
———————————
Bearish Reversal
1.80700 Area
Reasons
- Major Turn level
- Visible range Hvn
- Choch Zone
- Fibo Golden
- P / Q H
Bullish Reversal
1.79000 Area
Reasons
- Major Turn level
- Visible range Lvn
- Pattern Target
- Fibo Golden
- choch Zone
GBPCAD Will Move Lower! Short!
Take a look at our analysis for GBPCAD.
Time Frame: 9h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a significant resistance area 1.807.
Due to the fact that we see a positive bearish reaction from the underlined area, I strongly believe that sellers will manage to push the price all the way down to 1.791 level.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
Like and subscribe and comment my ideas if you enjoy them!
GBP/CAD SHORT FROM RESISTANCE
Hello, Friends!
GBP/CAD pair is in the uptrend because previous week’s candle is green, while the price is clearly rising on the 6H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 1.787 because the pair overbought due to its proximity to the upper BB band and a bearish correction is likely.
✅LIKE AND COMMENT MY IDEAS✅
Could the price reverse from here?GBP/CAD is rising towards resistance level which is a multi swing high resistance and could reverse from this level to our take profit.
Entry: 1.8094
Why we like it:
There is a multi swing high resistance.
Stop loss: 1.8242
Why we like it:
There is a resistance level at the 138.2% Fibonacci extension.
Take profit: 1.7912
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.
GBPCADGBPCAD is in reversal mode.
Bearish divergence also shown in RSI.
We wait for further confirmation..
If price break the last price then we will execute trade.
GBP/CAD correction after strong uptrendHi, dear investors our next opportuntiy we are looking into is GBP/CAD , as we can see it had a fantastic bullish trend and now it's time of a reversal because we got to the upper resistance level, so far the RSI has just began formulating descending channel after being over bought at 77 level.
Entry - 1.80560
Target 1: 1.79844
Target 2 : 1.79380
Stop Loss : 1.80950
Risk to reward ratio at the staggering 1:5!!!!
As always my friends happy trading!
P.S. If you have questions or inquiries about one of my existing set-ups or personal questions / 1 on 1 sessions consider joining my channel so you can follow up with me in private!
Institutional Supply: GBP/CAD shortshey,
as mentioned in my prior post, I expect cad strenght this week.
with that in mind, this chart is looking ready for the pullback from trendline supply.
if you don't know how these zones work, watch the videos on my profile.
yes, again waiting for star patterns to occur in or slightly above the zones.
kind regards,
Max Nieveld
1st Empathy strat TA/TC (SELL)CAD looks like a stable market to invest in due to the momentum gaining around the currency, the oversold levels and currently low declined volatility makes it perfect for significant inclines due to unstable bearish buying power. with a economic counter to GBP's interest rate decisions week of DEC 8, and the volatility gaining around the coin, plus the bearish sustaining momentum sell GBP buy Cad.
Strategy:
Final Tp = 2.5% @round 1.75745
SMA = 1.3% Avg SMA = 0.60% retracment = 0.35%/0.70%
GBP/CAD ;Buy zone I'm looking for buys on GBP/CAD on this area because:
it's at the gold zone of the Fibonacci retracement
its where the trendline liquidity lies
it will be clearly over sold
overall trend is up
I would be looking for a confirmation though like double bottom or reverse head and shoulder.
it's a trade that I am also looking to scale in as I go into profit
GBPCAD Analysis - Bearish - Trade 06GBPCAD Analysis Overview
---
1. Seasonality
GBP: Seasonality indicates a **sell** signal for GBP in the first week of December.
CAD: Seasonality suggests a **strong buy** signal for CAD.
Seasonality Bias: Sell GBPCAD
---
2. COT Report
GBP:
COT RSI: 52 weeks at 30%, 26 and 13 weeks at bottom.
COT Index: 3-year at 50%, 1-year at 30%, indicating weak positioning for GBP.
Net Non-Commercial: Decreasing, showing a bearish sentiment.
CAD:
COT RSI: 52, 26, and 13 weeks at 20% and increasing, showing bullish momentum.
COT Index: 3-year and 1-year at 20% and increasing, aligning with a buy sentiment.
Net Non-Commercial: Increasing, with a positive bias.
COT Bias: Sell GBPCAD.
---
3. Fundamental Analysis
Leading Economic Indicators:
GBP: Decreasing, signaling economic weakness.
CAD: Increasing, pointing to economic strength.
Endogenous Factors:
GBP: Decreasing, aligning with a sell sentiment.
CAD: Increasing, further supporting a buy stance.
Exogenous Factors:
GBPCAD exogenous signal indicates a buy CAD, sell GBP sentiment.
Fundamental Bias: Sell GBPCAD.
---
4. Technical Analysis
RSI Divergence: Bearish divergence identified, indicating potential downside movement.
Breakout Indicator: A red arrow confirms bearish momentum on key breakout levels.
Resistance Zone: Price is currently at a strong resistance zone, showing rejection patterns.
Technical Bias: Sell GBPCAD.
---
Final Bias: Sell GBPCAD
The alignment across seasonality, COT data, fundamental indicators, and technical analysis strongly supports a sell setup for GBPCAD.
GBPCAD Opportunity Presenting Itself Just have to be patientAs we navigate these pairs, it’s important that we take our time to thoughtfully develop our strategy. Currently, our time frames are aligned; however, we do need to see the price on the 4-hour chart turn bearish. This movement will help guide the price back to the daily area of interest (AOI).
Once we observe the price shifting back to a bullish trend, we will patiently await a pullback on the 4-hour chart. This will provide us an opportunity to analyze the lower time frames for a sign of strength (SOS) before proceeding with our trade. It’s essential to remember that exercising patience often yields the best results, and a more measured approach can lead to success.
#GBPCAD Daily Forecast gbpcad change his tred now we will wait for reach for his OB point and then we will enter for a trade with confirmation .
GBPCAD Wave AnalysisGBPCAD price will move in a downward direction according to the price chart to complete wave E.
Enter the trade around price: 1.80422
Stop loss: 1.82041
Take profit: 1.74477
This offer has a risk/reward ratio of around 3.5
Make sure to involve less than 2-3% of your total capital and adhere to the principles of money management
This is just a suggestion for consideration
Rk the sniperUpdate of the trade
That i predicted earlier
Gbp cad for long
Sniper entry with fibonacci gold zone
It went over 1:20
inverse head and shoulders for GBPCADClean, clear, and perfect pattern, Inverse head and shoulders pattern. These are usually really accurate when you see them.
