@GBPCAD SELL Now
Here is my Trading Idea ;
@GBPCAD SELL now
ENTRY SELL Area 1.80700 - 1.80600
TP = 1.80272
SL = 1.81046
This would be fast Trade intra day
GBPCAD trade ideas
GBPCAD Mon 30 Sept Daily : bullish Trend
H4 : level 1 completed , level 2 Started
H1: level 1 completed , level 2 in progress
Possible buy. Wait for retrace ent to enter and complete level 2 and 3
170 pips potential drop on GBPCAD...GBPCAD is currently in the weekly resistance zone and we have seen the price making a reversal from the zone showing potential sign of dropping towards 1.78000 zone.
GBPCAD - Buy LimitGBPCAD Broke major resistance creating HH's and HL's.
No sign of Bearish Divergence on RSI Indicator.
Respecting trendline Support.
Entry point at retracement.
GBPCAD Simple Move PlansGBP/CAD has rallied on a continued quicker easing cycle / rhetoric from the BOC.
BOE giving off slight hawkish signals also feeding rally.
Would expect larger fall in future.
GBPCAD buy then sell hello everybody ,this is my analysis
In my view I think gbpcad is approaching to the upper side if the bullish channel
GBPCAD TRADE SETUPPair :GBPCAD
✔ Classic BULLISH formation
GBPCAD is holding continuous UP Trend so after market retracement I can take BUY entry . If your analysis matches it take a trade otherwise skip the trade.
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GBPCAD! We might see it up!The structure will be going up as well! Let's keep on checking those margin regions!
GBPCADCurrently on GBPCAD on the weekly timeframe price has just taken out the previous candle range high and closed below it, so now during October we will be looking for a turtle soup on the weekly candle sticks to enter our sells at the high of October before distributing to the downside to take out the previous weekly low.
GBP/CAD BEARS ARE STRONG HERE|SHORT
Hello, Friends!
We are going short on the GBP/CAD with the target of 1.770 level, because the pair is overbought and will soon hit the resistance line above. We deduced the overbought condition from the price being near to the upper BB band. However, we should use low risk here because the 1W TF is green and gives us a counter-signal.
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BUY Limit on GBPCAD FX:GBPCAD
Fundamental fact :
GBP strong Bullish because economic data + US Fed rate policy makes USD slumps, its makes Gold and GBP become more strong Bullish... OffCourse GOLD on the other hands keep rising because Geopolitical WAR.
CAD keep weakening until maybe 2 week onwards, CAD strong Sell because, Oil price slump, Oil Price keep Selling.
Here is my idea ;
on H1 GBPCAD take buy Limit on FVG price at @180.383
SL 179.800
TP 181.400
TP2 182.00
If break TP1 on 181.400, @GBPCAD will keep rising until 182.000
GBPCAD Possible Buy The market is currently testing the current daily Fib area 0.618. Based on 4HR TF, the market seems to be forming a possible reversal chart pattern.
We could see Buyers coming in strong should the current level hold.
Disclaimer:
Please be advised that the information presented on TradingView is solely intended for educational and informational purposes only.The analysis provided is based on my own view of the market. Please be reminded that you are solely responsible for the trading decisions on your account.
High-Risk Warning
Trading in foreign exchange on margin entails high risk and is not suitable for all investors. Past performance does not guarantee future results. In this case, the high degree of leverage can act both against you and in your favor.
GBPCAD LONG 25/09/2024 - Trade based on Fundamental analysis to buy on retracement.
- Weekly had a bullish candle close and on hourly continued its Bullish DOW theory trend
- Entered at 0.618 level with 30 min Bullish candle close.
- However, Got greedy a bit and Moved TP to last HH. Even after observing market rejecting to break last 1 Hour time frame HL around 1.80. Exited with almost 0.5% upon strong bearish momentum
GBPCAD 4H TF Bearish (Divergence, Break Trendline, BOS)GBPCAD shows a bearish momentum supported by bearish divergence, break of rising trendline and also BOS (Break of Structure/DOW HL).
Entry is taken at CMP with TP at 1:1 and SL at previous HH.
Will it work, what do you think?
#GBPCAD 1DAYGBPCAD (British Pound / Canadian Dollar)
Timeframe: Daily (1D)
Pattern: Channel
A descending price channel has been identified on the daily chart of the GBPCAD pair. This pattern is defined by two parallel trendlines—one acting as resistance (upper boundary) and the other as support (lower boundary)—with the price moving within these boundaries. The channel is sloping downward, indicating a bearish trend as the pair forms lower highs and lower lows.
Forecast: Sell
Based on the ongoing channel pattern, a selling opportunity is forecasted. The price is expected to continue moving lower within the confines of the channel, potentially offering an opportunity for traders to short the pair as it approaches the upper boundary.
Technical Outlook:
Resistance Zone: The upper boundary of the channel, where selling pressure may increase.
Support Zone: The lower boundary of the channel, which could act as a target for the downside movement.
Key Levels to Watch: A break below the lower boundary of the channel would signal further bearish momentum and could lead to a stronger sell-off.
Traders may look for bearish signals, such as rejection from the upper trendline or volume spikes during price declines, to confirm entry points.
External factors like commodity prices (oil, as CAD is commodity-sensitive) and economic data releases should be monitored, as they can impact the movement of this pair.
Emerging Bullish Bat Pattern Signals Upside Potential on GBPCADDear Traders,
Below is my outlook on the GBPCAD currency pair.
A bullish Bat pattern is forming on GBPCAD, with completion expected in the 1.79105–1.78715 region. After this, an impulsive rally to the upside is anticipated. On the 4-hour timeframe, the overall trend and sentiment remain bullish, though momentum has slowed due to a correction following the September 20 high. If the price reaches the completion zone, I expect a rejection to the upside in continuation of the bullish trend, with targets at 1.79935, 1.80835, and 1.81322.
The stop loss is set at 1.7878.
Do let me know your view in the comment below.
Cheers and Happy Trading
GBPCAD (Short)Turtle soup and Smart Money Concept Trading Strategy
The Turtle Soup strategy, however, flips the script, aiming to profit when those anticipated trend.
Linda Raschke’s Turtle Soup strategy is a counter-trend trading approach that capitalizes on failed breakouts.
ENTRY :- SELL -Above opening price (daily) BUY - Below opening price (daily)
STOPLOSS :- above or below recent swing High
1st TARGET :- Book profit 50%
2nd TARGET :- Book profit 25%
3rd TARGET :- Book profit 25%
Consisitency and hard working is the key of success.
KEY OF SUCCESS :-
*) Buy below opening price of Daily Candle AND Sell above opening price of Daily Candle.
*) Do not take risk more than 1% of Equity.
*) Take Profite Should be More then 2% of Equity .
*) Book 50% profit of running trade first and remaining 50% hold for long term.
GBPCAD is in the bearish directionHello Traders
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GBPCAD: Confirmed Bearish Reversal?!GBPCAD is exhibiting signs of a bearish trend reversal after approaching a significant daily resistance level.
There are signs of a double top pattern and a rising parallel channel.
The price has fallen below both the horizontal neckline and a trend line, indicating a potential bearish continuation towards 1.7900.
GBPCAD - a new trendAfter a few rejections from the SZ above, we could be seeing a new downtrend forming from hereon.
Prices are consolidating at this current moment and we're expecting prices to retrace upwards a little where we would then find a setup on the M15 timeframe. Let's see how this pans out.
I personally would have preferred for the downward move labelled #2 to be lower than #1, i.e. making a lower low, but such is the markets. We take what comes to us.
GBPCAD Short GBPCAD Just made a correction, so i'll keep it simple and expect the price to blast and make a new high , this setup has a probability of 55% to continue to its direction
GBPCADGBPCAD is trading in strong upward trend and consistently printing HHs and HLs. and is about complete ABCD pattern at strong daily resistance level with bearish divergence. And it looks like FETUSDT forming a local top here .
If the bearish rally starts from here , the next possible target could be 1.7650.
