GBPCADcurrently on GBPCAD on the daily timeframe price has taken out the previous day high and on the 4-hour timeframe price has taken out the previous candle range high and closed below it, indicating strong reversal to the downside. Shortby BigBenCapitals6
GBPCADFrom here, I see signs of a downward spiral, treat it with caution as a technical analysis of the decline. Shortby shadmir982
$GBPCAD | Watchlist | Sell Limit | Technical Confluences: - Stochastics has entered into Overbought conditions in the Daily and H1 Timeframes - Price looks like it will target the top of the smaller parallel channel; it coincides with the 50% Fibo Extension levels - If the 50% Fibo levels break, we may visit the 61% Fibo Extension level; the next range of Interest Zone and the top of the larger Parallel channel - Gauging the Elliot wave count, GBPCAD is trying to complete Wave 3 move (we will then enter this trade to capture the Wave 4) ----- Will be looking to set some Sell Limit orders in the Sell Limit Zone area and Target the 50 - 61% Fibo Retracement levels -----Shortby weekendanalyst3
GBPCAD: ITF CURVE ANALYSIS (2D) - DOWNTREND✨ GBPCAD: ITF CURVE ANALYSIS (2D) ✨ (DOWNTREND) SLO3 @ 1.78276 ⏳(POTENTIAL) SLO2 @ 1.7815 - TRIGGERED SLO1 @ 1.7805 - TRIGGERED SSO1 @ 1.73188 ⏳ TP1 @ 1.65926 TP2 @ 1.5950 TP3 @ 1.55328 TP4 @ 1.48384 TP5 @ 1.4700 (Secret TP) BLO1 @ 1.46716 ⏳ (DO NOT SET - SET PRICE ALERT) BLO2 @ 1.42664 ⏳ (DO NOT SET - SET PRICE ALERT) 🔑 BLO = BUY LIMIT ORDER ITF = INTERMEDIATE TIME FRAME MO = MARKET ORDER PA = PRICE ACTION PB = PULLBACK SLO = SELL LIMIT ORDER TP = TAKE PROFIT NOTE: MY VACATION IS OFFICIALLY OVER. PLEASE FORGIVE ME NOT POSTING THIS OPPORTUNITY SOONER BUT THESE ORDERS TRIGGERED EARLIER TODAY AND I WAS TIED UP AND WASN'T ABLE TO LET YOU ALL KNOW. HOWEVER, THIS TRADE IS WELL IN PLAY. THERE IS A CHANCE WITH NEWS COMING OUT SHORTLY THAT PA COULD PB TO OUR ENTRIES. HOWEVER, IF YOU DON'T WANT TO MISS THE BOAT, A MO IS A GOOD POSSIBLE IDEA. LET'S SEE WHAT HAPPENS WITH THIS OPPORTUNITY. BOOST IF YOU LIKE...... Intermediate time frames (4 hours to 6 day): — Offer a clearer picture of the underlying trend compared to short-term frames. — Provide more opportunities for confirmation signals and technical analysis. — Allow for more flexible trading schedules, trades can be held overnight. — Suitable for swing traders and some positional traders.Shortby oktane4
GBPCAD - Look for Continuation Short (SCALP) 1:2.8!The price action is forming a structured bullish pattern in the HTF, supported by the major trendline. However, the price failed to break the monthly resistance and closed lower than the HTF candle. If the market moves in our favor, it may react at the order block within the Supply Zone (DBD) on the lower time frame (LTF), presenting a potential scalp short opportunity with an R of 1:3, supported by the Fibonacci Retracement. The target would be the nearest Demand Zone before the bullish trend continues, assuming the trendline remains intact. This setup is high-risk since we're trading against the major trend. However, it's important to remember that there are often smaller trends within the larger trend. Disclaimer: This is simply my personal technical analysis, and you're free to consider it as a reference or disregard it. No obligation! Emphasizing the importance of proper risk management—it can make a significant difference. Wishing you a successful and happy trading experience!Shortby S-Fx_Updated 7
GBP/CAD POSSIBLE BUY OPPORTUNITY Price maintains bullish outlook as price trades at 1.77998 a buy opportunity is envisaged from the current market price.Longby Cartela1
GBP-CAD Resistance Ahead! Sell! Hello,Traders! GBP-CAD will soon hit A horizontal resistance Of 1.7852 and after The retest we will be Expecting a local Bearish move down Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too!Shortby TopTradingSignals115
GBPCAD Buyers In Panic! SELL! My dear friends, Please, find my technical outlook for GBPCAD below: The price is coiling around a solid key level - 1.7766 Bias - Bearish Technical Indicators: Pivot Points High anticipates a potential price reversal. Super trend shows a clear sell, giving a perfect indicators' convergence. Goal - 1.7670 Safe Stop Loss - 1.7832 About Used Indicators: The pivot point itself is simply the average of the high, low and closing prices from the previous trading day. ——————————— WISH YOU ALL LUCK Shortby AnabelSignals112
GBPCAD Short PositionSeasonality Analysis: Historical data suggests a bearish seasonality for GBPCAD during this period, indicating a higher likelihood of downward movement in the pair. RSI Bearish Divergence: The Relative Strength Index (RSI) is showing a bearish divergence. This occurs when the price is making higher highs, but the RSI is making lower highs, signaling that the upward momentum is weakening and a potential reversal is likely. Trendline Break: The price is approaching a key trendline, and a break below this trendline would indicate a shift from the current uptrend to a downtrend. This break would act as confirmation for entering a short position. Trade Setup: Entry: Use a sell stop order to enter the short position once the price breaks below the key trendline. This ensures that you only enter the trade if the bearish trend is confirmed. Stop-Loss: Place a stop-loss order above the recent swing high or just above the broken trendline to limit potential losses. Adjust the stop-loss level according to your risk tolerance.Shortby SohailChaudhary3
GBPCAD Possible Long Position BBMA OA ReEntry Zone Zero Loss4H - Re-Entry 1H - 50 EMA Rejection + Bollinger Band Rejection 15m - CSAK + Entry in MALO Note: * Cancel trade or cut-loss when candle close Below MAHI (2 Red 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 courseLongby GreggiBond1
GBP/CAD LOOKING BULLISHGBPCAD maintains a bullish-like structure and currently trade at 1.77372 should we get a good opportunity to go long, we’d be buying.Longby Cartela0
Buy GBP/CAD Bullish Pennant The GBP/CAD pair on the M30 timeframe presents a potential Buying opportunity due to a recent downward breakout from a well-defined Bullish Pennant pattern. This suggests a shift in momentum towards the Upside in the coming Hours. Key Points: Buy Entry: Consider entering a Long position around the current price of 1.7705, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum. Target Levels: 1st Support – 1.7763 2nd Support – 1.7796 Your likes and comments are incredibly motivating and will encourage me to share more analysis with you. Best Regards, KABHI FOREX TRADING Thank you. Longby KABHI_FOREX_TRADINGUpdated 131346
GBPCAD SHORT!Short GBPCAD on the breakout of the previous higher low, with bearish divergence indicating a potential trend reversal.Shortby tradeforex-network2
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 evidently rising on the 12H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 1.756 because the pair overbought due to its proximity to the upper BB band and a bearish correction is likely. ✅LIKE AND COMMENT MY IDEAS✅Shortby EliteTradingSignals112
GBPCAD Strong Resistance Ahead!GBPCAD is trading in an Uptrend but the pair is Locally oversold so After it hits a strong Horizontal resistance Level above at 1.78189 We will be expecting A local bearish correction !Shortby kacim_elloitt3
GBPCAD will go downGBP-CAD is trading in a Uptrend, But the pair is double top pattern on the top and also making Bearish Divergence on RSI. My sell limit is placed under the recent HL. we are Bearish biased. Sell!Shortby asadiii1
GBPCAD Possible Long Position BBMA OA ReEntry Zone Zero Loss4H - Re-Entry 1H - 50 EMA Rejection + Bollinger Band Rejection 15m - CSAK + Entry in MALO Note: * Cancel trade or cut-loss when candle close Below MAHI (2 Red Color Lines) in 4H and wait for for another POSSIBLE entry * 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 courseLongby GreggiBond0
Bearish reversal?GBP/CAD is reacting off the resistance level which is a pullback resistance that lines up with the 78.6% Fibonacci retracement and could reverse from this level to our take profit. Entry: 1.77176 Why we like it: There is a pullback resistance level which aligns with the 78.6% Fibonacci retracement. Stop loss: 1.78211 Why we like it: There is a pullback resistance level. Take profit: 1.76227 Why we like it: There is an overlap support level which aligns with the 38.2% Fibonacci retracement. 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.Editors' picksShortby VantageMarkets61
GBPCAD: Bearish Continuation & Short Trade GBPCAD - Classic bearish formation - Our team expects fall SUGGESTED TRADE: Swing Trade Sell GBPCAD Entry Level - 1.7705 Sl - 1.7774 Tp - 1.7585 Our Risk - 1% Start protection of your profits from lower levels ❤️ Please, support our work with like & comment! ❤️ Shortby UnitedSignals114
GBPCAD | SELLExpecting price to drop from this 4hour order block, we will wait for the 15min CHOCH to enter shorts so that we have a favorable RRShortby ELCapitalFX14
Pullback after climactic reversal...On my view, GBPCAD now pullback to the channel line after his climactic reversal. Canadian dollar can strong again after some rate cut and Pound sterling can weak in this levels against other currencies.Shortby rezamousavi2
GBPCAD: Important Breakout 🇬🇧🇨🇦 GBPCAD broke and closed above a solid falling trend line on a 4H. We see a positive bullish reaction of the price to that after its retest. I think that the pair will keep growing. Next resistances: 1.776 / 1.781 ❤️Please, support my work with like, thank you!❤️ Longby VasilyTrader225