GBPCAD selling to support area 80-100 pips We price is currently heading towards the support zone, expect the bears to push the price further down.
GBPCAD trade ideas
GBPCAD Bearish Momentum: Technical Analysis and Trade Idea.👀 👉 The GBPCAD has broken market structure to the downside on both the daily and four-hour charts. I’m anticipating further bearish movement, ideally following a pullback into my Fibonacci 5261.8% zone. Keep this pair on your radar during the US session tonight, as an upcoming data release could influence its movement. If the data aligns favorably and price action unfolds as outlined in the video, there may be a potential opportunity. ⚠️ This content is for educational purposes only and does not constitute financial advice.
Bearish drop 50% Fibonacci resistance?GBP/CAD has reacted off the pivot which has been identified as an overlap resistance and could drop to the 1st support which acts as a pullback support.
Pivot: 1.7988
1st Support: 1.7804
1st Resistance: 1.8056
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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.
Bearish Outlook for GBPCAD: Time to SellBased on the analysis from the EASY Trading AI strategy, I am projecting a bearish sentiment for the GBPCAD currency pair, recommending a sell position at an entry price of 1.79153. The current market dynamics, including economic indicators and global sentiment, suggest an upcoming decline.
With a take profit target set at 1.78826333 and a stop loss placed strategically at 1.79631333, the risk-reward ratio appears favorable for this trade. Recent fluctuations in oil prices and their impact on Canadian dollar strength, alongside the Bank of England's recent dovish statements, support the idea of a downward movement for GBPCAD.
The market has shown signs of weakness at the current levels, and with the anticipated continuation of this trend, I encourage traders to act accordingly. Remember, patience and discipline in trading are key—don't overlook market fluctuations and always be prepared to adjust your strategies based on new data. Happy trading!
GBPCAD: One More Bearish Confirmation?! 🇬🇧🇨🇦
GBPCAD forms one more bearish pattern on a 4H time frame
after a retest of a recently broken neckline of a head & shoulders pattern on a daily.
Chances are high that the price will go down and reach at least 1.7876 level.
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GBPCAD - Weekly Forecast - Technical Analysis & Trading Ideas!Midterm forecast (Daily Time-frame):
While the price is below the resistance 1.82310, beginning of downtrend is expected.
Technical analysis:
A peak is formed in daily chart at 1.82320 on 12/19/2024, so more losses to support(s) 1.79228, 1.78439, 1.76819 and minimum to Major Support (1.74790) is expected.
Take Profits:
1.79228
1.78439
1.76819
1.75765
1.74790
1.72705
1.70900
1.69267
1.67670
1.65599
1.63703
1.60894
Short-term forecast (H4 Time-frame):
A Head and Shoulder Reversal Pattern has formed and the neckline has also been broken.
Price is touching the neckline again.
It is very likely that the downward wave will start from this area.
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Sell GBPCADGBPCAD Shows potential bearish continuation, As the market retraces to the BB+OB zones, respecting these levels. remember to implement proper risk management in ur trading
Bearish drop?GBP/CAD has reacted off the pivot which has been identified as a pullback resistance and could drop to the overlap support.
Pivot: 1.79888
1st Support: 1.78278
1st Resistance: 1.81349
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.
GBPCAD ____ INCOMING BULLISH MOVEHi there,
This pair has a long bullish view in my perspective. I would like to see price gravitate towards 1.84000.
My speculation is that 1.84000 would be traded to before the end of Feb 2025.
Let see how this goes.
You should keep this on your radar.
Cheers,
Jabari
GBPCAD SHORTSA heads and shoulders pattern signaling reversal, a transition from bullish to bearish.
REJECTION POINT
Rejection is likely to occur between 1.80000–1.80328, as these are strong confluence levels:
The retest of the neckline.
The psychological round number (1.80000)
The EMA 50 acting as dynamic resistance.
If the price is rejected here, the market is likely to continue its bearish move, targeting lower levels such as 1.78000 or below.
Conclusion
The price is currently retesting the neckline of the Head and Shoulders pattern. Watch for bearish rejection signals (e.g., bearish candlesticks, volume spikes) around 1.80000–1.80328, which could confirm the continuation of the downtrend.
What's Flowing (or Flying?): GBPCAD (SHORT)OANDA:GBPCAD GBPCAD retracing higher as short order flow dominates the market.
GBPCAD: Bearish Continuation After Breakout 🇬🇧🇨🇦
GBPCAD looks bearish after a retest of a recently broken daily/intraday
key horizontal support.
I see a descending triangle pattern on an hourly time frame after its test.
Probabilities are high that the price will continue falling and reach
at least 1.7876
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GBPCAD SELL - Top Down Approach RevealedTrader Tom, a technical analyst with over 16 years’ experience, explains his trade idea using price action and a top down approach. This is one of many trades so if you would like to see more then please follow us and hit the boost button.
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GBPCAD: Bearish Reversal ConfirmedThe GBPCAD chart formed a head and shoulders pattern on a daily timeframe.
After the release of important fundamentals last week, the price dropped significantly with a strong bearish candle, breaking the neckline of the pattern.
On Friday, the price retested the broken neckline and held below it, indicating a potential continuation of the bearish reversal.
The next support level to watch for is at 1.7818.
GBPCAD Short on Regression BreakGBPCAD has broken the uptrend over the holiday period.
May need more time to develop a trend as volumes will return today.
GBP-CAD Will Fall! Sell!
Hello,Traders!
GBP-CAD will now hit a
Horizontal resistance
Of 1.7980 and as the
Pair is locally overbought
We will be expecting a
Local bearish pullback
Towards the target of 1.7901
Sell!
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Check out other forecasts below too!
GBPCAD MODULEWe are focusing on the 4-hour time frame chart to analyze the potential moves and changes in GBP/CAD price. Based on my bias, I am expecting a sell in the market today. Let's see what kind of opportunity the market provides. It is very important to get confirmation before taking a trade, so always wait for confirmation.
Always use stoploss for your trade.
Always use proper money management and proper risk to reward ratio.
This is just my analysis or prediction.
#GBPCAD 4H Technical Analyze Expected Move.
GBPCAD - Weekly Trade SetupThis chart analyzes the GBPCAD pair on the 4H timeframe, focusing on key weekly levels. A potential bullish move is expected towards the weekly high at 1.81415, followed by a reversal targeting the weekly low at 1.78062. The zones of interest are highlighted for monitoring price action. check for confirmation before entry
GBP/CAD SELL SETUPHi everyone hope you're doing good,this is GBP/CAD analysis.After the market shift happen to the downside price now is making a pullback to the supply zone a good area for sell opportunity.that is all for today trade safe.
GBP/CAD SELL SETUPHi everyone hope you're doing good,this is GBP/CAD analysis.After the market shift happen to the downside price now is making a pullback to the supply zone a good area for sell opportunity.that is all for today trade safe.
GBPCADGBP/CAD is currently retesting the neckline of a head and shoulders pattern, signaling a potential bearish move. We anticipate further downside momentum during the Asian, London, and New York sessions tomorrow. Rejections to the upside, marked by pin bars and bearish engulfing candles, strengthen the likelihood of a drop. Traders should watch for confirmation and manage risk accordingly.
Potential bearish setup on GBPCADPrice broke through and closed below previously respected level of support, we need to see price respect daily area of supply to give us confirmation for further bearish move.
Intraday SELL Level - GBPCAD 1.80434A great level following a strong move lower: entry at 1.80434, targeting 1.80184. Don’t hesitate to reach out if you have any questions!
