15-1 GBPCAD:it looks like the pair has hit a bottom. 1.75206 is a nice low that was also hit in November last year. Our signal system still gives a negative advice with a Score of -6. But we still go for a buy in the long term. A buy series that starts at 1.76700 with a sl at the bottom is a nice start. The inflation figures have improved. The COT, the GBP and the Interest Rates have also improved in favor of a long session.
GBPCAD trade ideas
GBPCAD: Market Oversold with Potential for PullbackGBPCAD seems to be oversold after a recent decline, reaching a strong horizontal daily support level.
Following the test of this support, the pair entered a period of consolidation within a tight range on the 4-hour chart.
A recent breakout above the resistance of this range highlights buyer momentum and points to a potential pullback. The pullback target is set at 1.7691.
GBPCAD Scenario 1.1.2025According to the data we have available, it is possible that the market could move slightly up to the price level of 1.81500, since the market is forming as a range, it is quite likely to expect an SFP below the low and a subsequent move up to the aforementioned level. If it does not hold support at the level of 1.81600, it is possible that the market will move up even higher.
GBPCAD: Oversold Market & PullbackGBPCAD appears to be oversold following a recent decline, with the pair reaching a solid horizontal daily support.
After testing this support, the pair was consolidating within a narrow range on a 4-hour time frame.
The recent break of the resistance within this range indicates buyers strength and suggests a likely pullback.
The target for this pullback is 1.7691.
Yesterdays TradeTOOK this yesterday using three indicators
- Rejection of 50 EMA, show by heavy bottom wick
- Overall trend on higher time frames show bearish trends
- Takes zone, tests and rejects
Was quite lucky with the engulfing wick.
Posting an idea for todays trade, not sure about taking it but will share anyway
GBPCAD Under Pressure: Targeting Key Lows with Pullback Entry!GBPCAD is clearly facing downward pressure. On the daily timeframe, we can see the trend breaking previous lows. My target is the prior low levels, with entry anticipated on a pullback in the lower timeframe. This is not financial advice.
GBPCAD-BUY strategy 9-hourly chart The pair has been heavily sold, and so has been all the GBP crosses. the pair initially recovered a little and it shows we are building a short-term base. The stochastic and other indicators provide the suggestion of further moves higher, and feel we may see somewhere 1.7750-1.7800 again in the coming sessions.
Strategy BUY @ 1.7520-1.7560 and take profit near 1.7727 for now.
GBP/CAD: Pullback Opportunity From Key LevelA potential buying opportunity is forming on the GBP/CAD pair.
After testing a significant daily support level, the price has formed a double bottom pattern on the hourly timeframe.
A bullish breakout above the pattern's neckline provides a strong confirmation of a bullish reversal.
The pair is likely to continue rising, targeting the 1.7583 level.
GBPCAD: Pullback Trade From Key Level Another good trade to consider buying from a key support is 📈GBPCAD pair.
After testing a major daily structure, the price formed a double bottom pattern on hourly time frame.
The bullish breakout above the neckline of this pattern is a strong confirmation signal of a bullish reversal.
It is likely that the pair will continue to rise and reach the 1.7583 level soon.
GBPCAD - Idea for a sell !!Hello traders!
‼️ This is my perspective on GBPCAD.
Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective, so I look for a short. My point of interest is imbalance filled and rejection from bearish OB + level 1.77000.
Fundamental news: This week on Wednesday (GMT+2) we will see results of yearly CPI on GBP, news with high impact on currency.
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GBPCAD Poised for Bullish ReversalGBPCAD has been in a sustained bearish trend and recently completed its AB=CD harmonic pattern, signaling a potential turning point. Additionally, the formation of bullish divergence further supports the possibility of a reversal. A break above the previous lower high at 1.77741 could indicate the emergence of a bullish trend, suggesting a shift in market sentiment.
GBPCAD BAT PATTERNHarmonic Pattern Trading Strategy:
1. Combine patterns with 2-3 confirmations (e.g., MA, BB, RSI, Stoch) for increased accuracy.
2. Implement proper risk management.
3. Limit exposure to 3% of capital per trade.
4. Exercise caution: Not every Harmonic Pattern presents a good trading opportunity.
5. Conduct thorough diligence and analysis before trading.
Disciplined approach = Enhanced edge.
GBPCAD - possible sells?Here is our view on GBPCAD . Potential short opportunities.
We believe that GBPCAD could continue to the downside . We have two possible entries . One could be at the pullback at 1.78061 . The second entry could be at the break of previous lows sitting at 1.76267 . We are aiming for the target and deeper lows sitting at 1.74818 . We can expect the higher pullback to be visited if 1.77443 is broken.
PARAMETERS ; for the pullback trade
- Entry: 1.78061
- SL: 1.78773
- TP: 1.74818
PARAMETERS ; for the break trade
- Entry: 1.76267
- SL: 1.76971
- TP 1.74818
KEY NOTES
- GBPCAD remains bearish.
- Break above 1.77443 would confirm a pullback to our first entry sitting at 1.78061.
- Break below previous lows (1.76267) would result in deeper pullbacks.
Happy trading!
FxPocket
THIS WEEK GBPCAD TRADE SETUPPair: GBPCAD
✔ Classic BULLISH formation
We can see that the GBPCAD is retracing long term and is moving closer to the order block. From here, when there is a BULL run, we can trigger a buy entry with confirmation.
If your analysis matches our analysis then you can take the entry, if not then you can skip.
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