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GBPCAD trade ideas

GBPCAD at Key Resistance Level: Will it Drop To 1.83680?OANDA:GBPCAD has reached a significant resistance zone, marked by prior price rejections and strong selling pressure. This level has historically acted as a key supply area, increasing the likelihood of a bearish bounce if sellers regain control. With the price now testing this resistance, I anticipate a potential downward move toward the 1.83680 level, which represents a logical target for this setup. Traders should watch for confirmation signals, such as bearish engulfing candles or rejection wicks, to validate the potential for a reversal. Do you agree with this analysis? Let me know your thoughts in the comments!
Short
by DanieIM
40
Lingrid | GBPCAD bullish BREAKOUT with Short-Term PullbackThe price has perfectly followed my previous analysis . Recently, the FX:GBPCAD price broke and closed above the previous week's high and the psychological level at 1.85000. Following this significant breakout, the market is pulling back toward the support level, trendline, and triangle pattern. If the market remains above this support zone, the chance of continuation is high. I expect the price to reject this level and rebound, following with continuation toward the next resistance zone. This price action demonstrates classic market behavior following a key breakout, where a retest of former resistance as new support often provides an optimal entry point for traders aligned with the prevailing trend direction. My goal is resistance zone around 1.86510 Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻
Long
by Lingrid
7
GBP/CAD Bullish Setup:Targeting 1.86500 from Demand Zone SupportTrendline ➡️ Price is respecting an upward trendline 📈 connecting higher lows 🔵 (marked by dots). Channel ➡️ Price is moving inside an ascending channel 🚀 (controlled bullish movement). EMA (70) ➡️ The red curve ➰ is the 70 EMA. Price is near it — showing indecision but still respecting it ⚖️. Demand Zone ➡️ A strong demand zone 🔵 is marked between 1.8400–1.8440 where buyers jump in 🛒 whenever price touches it. Support Zone ➡️ A nearby support zone 🛡️ is around 1.8480–1.8500. It's acting like a stepping stone 🧗‍♂️ for price to climb. Target ➡️ The target 🎯 is clearly marked at 1.86500 — aiming for a nice breakout! 🚀📈 Summary 🔵 Stay above the demand zone ➡️ good for buys! 🛡️ Watch the support ➡️ could be a retest and bounce! ❌ If price breaks below demand zone, the setup is invalid ⚠️. Simple Trading Plan: ✅ Buy near 🔵 demand or 🛡️ support. ✅ Target 🎯 1.86500. ❌ Stop Loss below 🔵 1.8390 area.
Long
by Jameshead007
4
#GBPCAD:Last Idea +400 Pips Up! Here is second entryIn our last analysis, the GBPCAD currency pair showed a smooth move. The price hit support levels, which means it might keep going up. We think it’ll go up by about 600 pips and might reach the 1.90 area. Since there aren’t many places to stop for this trade, it’s important to set take profit levels based on your risk management plan. We hope you’re doing well with your trading. If you find our ideas helpful, please let us know by liking, commenting, or sharing them. Thanks for being a great supporter! Team Setupsfx
Long
by Setupsfx_
12
GBP/CAD Approaches Major Resistance – Potential Short OpportunitGBP/CAD is currently testing a resistance and round psychological zone 1.84996 - 1.85000, which has acted as a strong supply area in previous attempts. The pair has repeatedly failed to break above this zone, showing clear signs of bearish rejection via wicks and bearish engulfing candles. Key Confluences for a Sell Setup: • Resistance Zone: Price is consolidating below the H1 supply zone, forming multiple rejections. • 50 EMA (Daily): Price is currently hovering around the 50 EMA, suggesting potential for downward momentum if it holds as resistance. • Bearish Structure: The pair made a lower high recently, and failure to break the current resistance could confirm a bearish continuation pattern. • Bearish Wick Rejections: Candles are leaving long upper wicks near the resistance, indicating strong seller presence. Sell Zones: • Entry Zone: 1.8500 – 1.85249 (ideal for entries with bearish confirmation) • Stop Loss Zone: Above 1.85500 (to cover liquidity grabs) Target Zones: • TP1: 1.83478 – 1.83240 (first reaction zone near recent structure and EMA support) • TP2: 1.80926 (previous demand zone and daily structure support) Bias: Bearish below 1.85249. Watch for confirmation signals like bearish engulfing, pin bars, or break of minor support levels on lower timeframes.
Short
by sosaxbrodie
Pound Cad analysis In this analysis I started from weekly time frame identifying the directional bias. I then marked my previous weekly highs and previous weekly low. After identifying that I then looked at the structure to see if we are in an impulsive wave or a correction wave. I then concluded that I am in a correction phase. But I can see that the high took the previous one and retraced back into the structure giving us a clear push down and now I am in a correction phase expecting the graph to do what it did previously since it has taken the high I don't expect it to be continuing further. I then went to the daily time frame to refine my trendlines and to see the structure clearly. After that I went to the 4 hour to confirm the structure but now I am neutral as I expect the price to turn over on the third touch or go further to give me a double top within a weekly double top. As for now I want to see where the price react at then I will take decision thereby preventing unnecessary loss.
by wfelk626
GBPCAD INTRADAY downtrend capped at 1.8532The GBPCAD pair is exhibiting a bearish sentiment, reinforced by the ongoing downtrend. The key trading level to watch is at 1.8532 which represents the current intraday swing high. In the short term, an oversold rally from current levels, followed by a bearish rejection at the 1.8532 resistance, could lead to a downside move targeting support at 1.8280 with further potential declines to 1.8150 and 1.8040 over a longer timeframe. On the other hand, a confirmed breakout above the 1.8532 resistance level and a daily close above that mark would invalidate the bearish outlook. This scenario could pave the way for a continuation of the rally, aiming to retest the 1.8590 resistance, with a potential extension to 1.8650 levels. Conclusion: Currently, the GBPCAD sentiment remains bearish, with the 1.8530 level acting as a pivotal resistance. Traders should watch for either a bearish rejection at this level or a breakout and daily close above it to determine the next directional move. Caution is advised until the price action confirms a clear break or rejection. This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
by TradeNation
A SNAPSHOT OF GBPCADWe could spot an immediate up trend on GBPCAD on the H4 time frame, the overall bullish dominance is conspicuous with the formation of HHs and HLs. However, prices were resisted around 1.8527 levels which happened to be three weeks high. Price is currently resting above EMA 50 which serves as support and likely adds credence to the bullish trend. From technical perspective, analysts expect another throw to take out the preceding high of 1.8527, with potential target around 1.8638 for the uptrend to continue. On the flipside, if the support level of 1.8315 is taken out, that would validate a reversal of the trend with potential target around 1.8243 and 1.8115. Break out of these levels are not ruled out as per analyst. UPCOMING CATALYST: From the radar, Bank of England Governor Andrew Bailey is scheduled to speak today, April 23rd, 2025, at 9:15 PM GMT+4 at institute of international Finance in Washington DC. Meanwhile, on the 16th of April, inflation rate in the UK dropped to 2.6% y/y, lowest since October and as such, this increased expectations for lowering rate and analyst has projected about four rates cut in the year 2025 if inflation continue to decline. The next rate meeting scheduled for May 8th might likely be ushering in another rate cut according to analysts. Furthermore, Retail sales data for both economies would be on the wire on Friday, the 25th. These data points could trigger market volatility, offering both risks and potential trading opportunities.
by CFI
GBPCAD is ready to push againNo comment needed. All information is in the chart analysis. Steps to follow: Analyze yourself. Take the position with SL and Take Profits. Wait, it may take a couple of days, so take a break and step away from the screen from time to time, just like I do :) Get the result. I will update the trade every day. Like, comment with your good mood or viewpoint, share with your circle. It’s together that we get stronger! Good trades, Traders! The golden bear
Long
by thegoldenbear
GBPCAD Bullish Move to 1.90 - 1.91 Level GbpCad my most Recent Trade right now, looking at the GbpCad we can see price Broke the Mayor Level 1.80 and came back to retest the level, giving us a nice set up to the upside, as you can see not only priced retest the Mayor Level 1.80 but also bounced off the Bullish Trendline, indicating is price wants to continue pushing up, what i really saw is price created a nice support area at 1.81 where we got a nice Break of Structure, Break of the Counter Trendline and a Lower High after the break, that's enough for me to enter because overall i don't see anything more price has to do in order to push, there's no more bearish insights to take a look at, and with all the momentum and confluences i do believe price will start pushing anytime soon, of course if you look at my charts you can find more confluences like the inverted H&S Pattern, the Break above of the EMA's, EMA's crossing over, etc. Imma hold this trade until price tells me otherwise.
Long
by Jcasanova32
GBPCAD Buyers In Panic! SELL! My dear subscribers, My technical analysis for GBPCAD is below: The price is coiling around a solid key level - 1.8563 Bias - Bearish Technical Indicators: Pivot Points High anticipates a potential price reversal. Super trend shows a clear sell, giving a perfect indicators' convergence. Goal - 1.8412 My Stop Loss - 1.8655 About Used Indicators: By the very nature of the supertrend indicator, it offers firm support and resistance levels for traders to enter and exit trades. Additionally, it also provides signals for setting stop losses Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. ——————————— WISH YOU ALL LUCK
Short
by AnabelSignals
1
GBPCAD Will Go Lower! Short! Please, check our technical outlook for GBPCAD. Time Frame: 9h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The price is testing a key resistance 1.851. Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 1.834 level. P.S The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce. Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. Like and subscribe and comment my ideas if you enjoy them!
Short
by SignalProvider
1