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GBP/CAD Mini

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GBPCAD.1.MINI trade ideas

GBPCAD - Bearish Momentum Expected from Resistance ZoneOANDA:GBPCAD is currently testing a significant resistance zone. This level has previously acted as resistance, leading to a bearish reversal. The recent upward momentum into this zone suggests a potential for sellers to regain control and push prices lower. A bearish confirmation, such as a rejection candle, bearish engulfing pattern, or signs of fading bullish momentum, would indicate an increased likelihood of a move downward. If this scenario unfolds, the price could head toward the 1.78220 level. This setup aligns with a potential short-term correction after an impulsive move. Traders should wait for confirmation of selling pressure before considering short positions. This is not financial advice but rather how I approach support/resistance zones. Always wait for confirmation, like a rejection candle or volume spike before jumping in. And let me know what you think of this setup in the comments!
Short
by TrendDiva
3
GBPCAD at Key Resistance Zone: Potential Sell SetupOANDA:GBPCAD has reached a key resistance zone. The market structure suggests a possible reversal as buyers may face exhaustion. If the price shows rejection through bearish patterns or wicks, I expect a move down toward the 1.78455 level. However, if the price successfully breaks and holds above the zone, this would invalidate the bearish outlook and could open the door for further upside. Traders should monitor price action closely at this critical resistance area. This setup signals a potential correction after the bullish trend. Wait for confirmation before entering short positions.
Short
by DanieIM
3
GBPCAD Signals a Shift: Key Moves to Watch This Week In the GBPCAD market, all signs are pointing to a pivotal moment early this week. Monday and Tuesday present a strong likelihood of price rejection, potentially signaling a shift in direction. On higher timeframes, the bias suggests an imminent change, as the price approaches a key supply zone. Meanwhile, on the lower 1-hour chart, the story becomes even clearer—price action has already begun to hint at this transition, painting a picture of an anticipated reversal. With the supply zone within reach, traders can expect a significant movement in the coming days. The bias indicates not just a brief fluctuation but a probabilities trend that could sustain momentum for at least two weeks. This week holds the potential for dynamic trading opportunities, setting the stage for a compelling narrative in the GBPCAD pair. Keep an eye on the charts—this could be the moment where preparation meets opportunity.
Short
by jshafx
GBPCAD BEARISH 100PIPS SHORTTechnical Analysis: Resistance Levels: Identify recent resistance areas where price has struggled to break through. For instance, if GBP/CAD has recently failed to break above a certain level (e.g., 1.7000), this could act as a strong resistance zone where a pullback or short entry is likely. Trend Indicators: Moving Averages: Look for bearish signals such as the price crossing below a key moving average (50 or 200 period). A death cross (50 MA crossing below the 200 MA) could indicate a shift towards a bearish trend. RSI (Relative Strength Index): If RSI is in overbought territory (above 70) and starts to turn down, it might signal an impending reversal. MACD: If the MACD line crosses below the signal line, that could also indicate bearish momentum. Price Action: Watch for reversal patterns like bearish engulfing, shooting star, or evening star formations near resistance levels. These can provide confirmation for a short trade.
Short
by LORDOFTHETRADERS
GBPCAD Approaching Resistance – Anticipating a PullbackOANDA:GBPCAD is approaching a key resistance zone. The current market structure shows a sharp rally into this zone, suggesting potential for pullback if sellers step in. I anticipate that if the price confirms rejection within this resistance zone, marked by bearish candlestick patterns or clear wicks, the market may move downward toward the 1.78455 level. If you agree with this analysis or have additional insights, feel free to share your thoughts in the comments!"
Short
by DanieIM
Bearish reversal off pullback resistance?GBP/CAD is rising towards the pivot which acts as a pullback resistance and could reverse to the pullback support. Pivot: 1.7827 1st Support: 1.7663 1st Resistance: 1.7985 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.
Short
by ICmarkets
1
GBPCAD Trade IdeaI'm sharing this trade idea based on recent developments: Oil Price Decline: Falling oil prices typically weaken the Canadian Dollar (CAD), as Canada is a major oil exporter. Trump's Presidency: Donald Trump being elected as the 47th President of the United States could bolster the GBP, especially considering his political stance on global trade and policies. While Trump has made comments about integrating Canada with the U.S., I don't believe this will have an immediate impact on this trade. ⚠️ Risk Warning: This setup carries a high level of systemic risk due to the uncertainties surrounding these geopolitical events. Let’s see how this plays out!
Short
by MasoudEskandari
Bullish rise?GBP/CAD has reacted off the support level which is an overlap support that is slightly below the 38.2% Fibonacci retracement and could rise from this level to our take profit. Entry: 1.7650 Why we like it: There is an overlap support level that is slightly below the 38.2% Fibonacci retracement. Stop loss: 1.7556 Why we like it: There is a pullback support level that aligns with the 71% Fibonacci retracement. Take profit: 1.7821 Why we like it: There is a pullback resistance level that is slightly above the 61.8% Fibonacci retracement. 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.
Long
by VantageMarkets
GBPCAD - Bullish Setup at Key Support ZoneThe GBPCAD pair is currently approaching a significant demand zone that has historically acted as a strong support level, leading to bullish reversals. The recent downward momentum brings the pair into this area, where buyers might regain control. A bullish confirmation, such as a strong rejection pattern, bullish engulfing candles, or long lower wicks, would indicate a potential upward move. If buyers step in, the price may head toward the 1.77424 level. This setup suggests a possible short-term rebound in line with the broader market structure.
Long
by TrendDiva