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GBPCAD trade ideas

GBP/CAD Poised for Breakout – What’s Next After 1.8600?1. TECHNICAL CONTEXT (Daily Chart) GBP/CAD has been trading within a well-defined ascending channel since early 2025. After hitting the lower bound of the channel around 1.8050 in May, price bounced sharply and regained strength, pushing back above the key 1.8400–1.8450 zone, now confirmed as new support. Currently, price is approaching the 1.8600 area, which represents: The upper boundary of the April–May consolidation range A clear supply zone visible on the weekly chart A technical resistance cluster (previous closes + Fibonacci levels) The RSI shows growing momentum, yet not overbought, suggesting potential upside extension toward 1.8779, the monthly high. Key Technical Levels: Resistance: 1.8600 – 1.8779 (extended target) Support: 1.8401 (weekly) and 1.8250 (mid-range level) Primary Trend: Bullish Structure: Active ascending channel 2. INSTITUTIONAL POSITIONING (COT REPORT – May 13, 2025) CAD: Non-Commercials (speculators) are heavily net short: 23,250 longs vs 105,466 shorts = -82,216 net Weekly increase: +18,084 new shorts → clear rise in bearish pressure Commercials (hedgers) are net long, typical of risk hedging, indicating an opposing view to speculators GBP: Non-Commercials are net long: 89,540 longs vs 62,324 shorts = +27,216 net, despite a minor weekly reduction (-4,844) Commercials are net short, likely hedging strength in the pound COT Takeaway: Speculators are clearly favoring GBP strength vs CAD, while CAD is under heavy short pressure. This supports further upside in GBP/CAD. 3. RETAIL SENTIMENT 80% of retail traders are short GBP/CAD, with an average entry at 1.8551 20% long, with average entry at 1.8147 This extreme retail skew represents a contrarian bullish signal: the market may push higher to trigger stop-losses on poorly positioned shorts. 4. SEASONALITY CAD in May: Mixed behavior with a slight bearish/neutral tendency on 10y and 2y averages Monthly average: as low as -0.0097 (10-year data) GBP in May: Historically one of the weakest months for the British pound Average returns range between -0.015 and -0.0226 That said, 2025 appears to diverge from seasonal norms, with GBP showing relative strength across the board. Seasonality Takeaway: While seasonality favors CAD over GBP in May, this year’s price action and positioning override that pattern. TRADING SUMMARY 🔹 Primary Bias: Moderately Bullish 🔹 Technical Outlook: Positive structure above key support at 1.8400 🔹 COT Insight: Supports upside due to aggressive CAD short buildup 🔹 Retail Sentiment: Skewed short → potential short squeeze 🔹 Seasonality: Bearish for GBP, but currently outweighed by fundamentals/positioning SCENARIOS 📈 Bullish Scenario (preferred): Break and hold above 1.8600 → acceleration toward 1.8779 Midway target: 1.8670 (psychological level) Technical stop: Below 1.8400 (or trailing SL on breakout) 📉 Corrective Scenario: Failure at 1.8600 → pullback to 1.8401 (bullish retest) Deeper weakness only confirmed on break below 1.8250, which would invalidate the ascending channel CONCLUSION GBP/CAD is in a structurally bullish setup, backed by speculative favor toward GBP and an extreme short bias on CAD. Despite the unfavorable seasonality for GBP, the technical trend and positioning data justify a bullish outlook with a target at 1.8779, contingent on a confirmed break above 1.8600.
Long
by EdgeTradingJourney
13
GBP-CAD Support Cluster! Buy! Hello,Traders! GBP-CAD is trading in a Local uptrend along the Rising support and the pair Made a retest of the support Cluster of the rising and Horizontal support lines Around 1.8546 from where We are already seeing a Bullish rebound so we Will be expecting a Further local bullish move Up on Monday Buy! Comment and subscribe to help us grow! Check out other forecasts below too! Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Long
by TopTradingSignals
2
GBPCAD Sell- Go for short sell then manage your trade - potentially go lower but beware of pull back manipulation when break low - Refine entry with smaller SL for better RR, if your strategy allow A Message To Traders: I’ll be sharing high-quality trade setups for a period time. No bullshit, no fluff, no complicated nonsense — just real, actionable forecast the algorithm is executing. If you’re struggling with trading and desperate for better results, follow my posts closely. Check out my previously posted setups and forecasts — you’ll be amazed by the high accuracy of the results. "I Found the Code. I Trust the Algo. Believe Me, That’s It."
Short
by Vincent-DA
GBP/CAD Potential Upward Movement💡 Buy Market Order @ 1.85544 🎯 Target Profit 1.86743 🛑 Stop Loss 1.84747 ❌ Do not risk more than 1% of your account on each trade Description: The price has swept liquidity under the swing lows and bounced back quickly. GBP/CAD is in a consolidation mode before a new move upward all the way up toward 1.86 mark. ------------------------------------------------------------------------------------- Please press “Like” if you appreciate the trading idea 👍 “Follow” for more trading ideas in the future 👀 “Comment” below to share your thoughts with us and other traders 👥 ------------------------------------------------------------------------------------- Risk Disclaimer: All trading ideas published by “PriceActionDesk” are for educational purposes only. These posts can help you to enhance your trading skills, but please do your own research before opening any trading position. ⚠️ ------------------------------------------------------------------------------------- 🙂 Good Luck!
Long
by PriceActionDesk
The 3 Step System To Watch Out ForOn this trade we are looking at the forex trade.Now the special thing about this trade is that instead of focussing on the daily chart we are focussing on the weekly chart. You may be thinking “Why are we focussing on the weekly chart?” Well this is because you have to be ahead of the crowd and see the coming trend. If you want to do your own trading strategy thats okay but if you want to learn more about the Rokcet booster strategy Then you need to follow these 3 steps • The price has to be above the 50 EMA • The price has to be above the 200 EMA • The price should gap up in an uptrend This is the rocket booster strategy In order to learn more Rocket boost this content to learn more Disclaimer:Trading is risky you will lose money so please use a simulation trading account before you trade with real money.Also learn Risk managment and protif taking strategies.
Long
by lubosi
GBPCAD Rejection Signals Possible DropThe GBPCAD pair is currently displaying a textbook technical structure within a long-term ascending parallel channel that has been in place since late 2022. Price action has consistently respected both the upper resistance and lower support boundaries of this channel, making it a reliable framework for anticipating future movement. Recently, the pair attempted to break above the upper boundary but was met with strong resistance around the 1.8680-1.8700 level, forming a clear rejection that aligns with multiple previous turning points (marked by red arrows). This rejection coincides with a horizontal resistance level that has been tested several times, suggesting a significant barrier for buyers. Following this rejection, the price is now beginning to show signs of weakness and a potential bearish shift. If the market breaks below the minor rising trendline and the horizontal support zone around 1.8145, it could confirm a near-term trend reversal. In that scenario, the next logical support lies near the midline of the channel around 1.8000, a level that has previously acted as dynamic support. A deeper correction could push the pair toward the lower boundary of the channel in the 1.7700-1.7800 region, where long-term buyers may re-enter. This analysis is based on the principles of trend channel theory and price action behavior at key support and resistance zones. The repeated failure to break above channel resistance, combined with the formation of a potential lower high, supports the idea of a corrective move. Traders considering a short position may look to enter around 1.8650-1.8680 with confirmation, targeting 1.8145 as the first support, followed by 1.8000 and possibly 1.7700. A daily close above 1.8720 would invalidate the bearish outlook and indicate a potential breakout scenario. As always, proper risk management and confirmation through price structure or candlestick patterns are essential before initiating any trade based on this setup.
Short
by DNP-FX
GBPCAD Wave Analysis – 30 May 2025 - GBPCAD reversed from resistance zone - Likely to fall to support level 1.8275 GBPCAD currency pair recently reversed down from the resistance zone lying between the resistance level 1.8720 (which stopped the previous impulse wave (3) and the resistance trendline of the weekly up channel from 2023. This resistance zone was further strengthened by the upper daily and the weekly Bollinger Bands. GBPCAD currency pair can be expected to fall to the next support level 1.8275, former weekly low from the start of May.
Short
by FxProGlobal
GBPCAD INTRADAY sideways consolidation supported at 1.8530GBP/CAD maintains a bullish bias, supported by a well-established rising trend. Recent intraday movement suggests sideways consolidation, which may serve as a base for the next upward leg if key support holds. Key Level: 1.8530 This zone marks the previous consolidation range and serves as a critical support level. Bullish Scenario (bounce from 1.8530): A successful retest and rebound from 1.8530 would reinforce the bullish outlook. Upside targets include: 1.8720 – Near-term resistance 1.8760 – Previous swing high 1.8830 – Long-term resistance zone Bearish Scenario (break below 1.8530): A confirmed daily close below 1.8530 would weaken the bullish structure. Potential downside support levels: 1.8490 – Initial support 1.8460 – Deeper retracement level Conclusion The outlook for GBP/CAD remains constructive as long as 1.8530 holds. A bullish bounce from this level could pave the way for continuation toward 1.8720 and higher. However, a daily close below 1.8530 would shift the bias to neutral-to-bearish, exposing the pair to further downside toward the 1.8460 region. Traders should closely monitor price action at 1.8530 for directional confirmation. 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
GBP/CAD "Pound vs Loonie" Forex Bank Money (Day Trade Plan)🌟Hi! Hola! Ola! Bonjour! Hallo! Marhaba!🌟 Dear Money Makers & Robbers, 🤑💰✈️ Based on 🔥Thief Trading style technical and fundamental analysis🔥, here is our master plan to heist the GBP/CAD "Pound vs Loonie" Forex Market. Please adhere to the strategy I've outlined in the chart, which emphasizes short entry. Our aim is the high-risk Blue MA Zone. Risky level, oversold market, consolidation, trend reversal, trap at the level where traders and bullish robbers are stronger. 🏆💸"Take profit and treat yourself, traders. You deserve it!💪🏆🎉 Entry 📈 : "The heist is on! Wait for the Neutral Level breakout then make your move at (1.83000) - Bearish profits await!" however I advise to Place sell stop orders above the Moving average (or) after the Support level Place sell limit orders within a 15 or 30 minute timeframe most NEAREST (or) SWING low or high level for Pullback entries. 📌I strongly advise you to set an "alert (Alarm)" on your chart so you can see when the breakout entry occurs. Stop Loss 🛑: "🔊 Yo, listen up! 🗣️ If you're lookin' to get in on a sell stop order, don't even think about settin' that stop loss till after the breakout 🚀. You feel me? Now, if you're smart, you'll place that stop loss where I told you to 📍, but if you're a rebel, you can put it wherever you like 🤪 - just don't say I didn't warn you ⚠️. You're playin' with fire 🔥, and it's your risk, not mine 👊." 📌Thief SL placed at the nearest/swing High or Low level Using the 4H timeframe (1.84500) Day/Scalping trade basis. 📌SL is based on your risk of the trade, lot size and how many multiple orders you have to take. Target 🎯: 1.81000 (or) Escape Before the Target 💰💵💸GBP/CAD "Pound vs Loonie" Forex Market Heist Plan (Scalping/Day Trade) is currently experiencing a Bearish trend.., driven by several key factors.👇👇👇 ⚠️Trading Alert : News Releases and Position Management 📰 🗞️ 🚫🚏 As a reminder, news releases can have a significant impact on market prices and volatility. To minimize potential losses and protect your running positions, we recommend the following: Avoid taking new trades during news releases Use trailing stop-loss orders to protect your running positions and lock in profits 💖Supporting our robbery plan 💥Hit the Boost Button💥 will enable us to effortlessly make and steal money 💰💵. Boost the strength of our robbery team. Every day in this market make money with ease by using the Thief Trading Style.🏆💪🤝❤️🎉🚀 I'll see you soon with another heist plan, so stay tuned 🤑🐱‍👤🤗🤩
Short
by Thief_Trader
GBPCAD 15m Short ExecutionGBPCAD 15m Time Frame Short Execution. Overall the short position was choppy, almost reaching stop levels, but then began to move downside to previous lows within the Asian session. I entered at 1.86226 and took profits at 1.85740. Overall Analysis Of The Trade... Liquidity Grab (Stop Hunt) > The price aggressively spiked above recent highs, possibly triggering buy stops or luring in breakout traders. >Immediately after the spike, it reversed sharply, suggesting it was a liquidity grab before the real move down. > This is typical “smart money” behaviour. Supply Zone Respect >The spike tapped into a supply zone (seen at the top of the chart where previous bearish pressure started). > Once the supply was hit, strong selling pressure resumed. Break of Market Structure (BoS) > After the reversal from the top, price broke below previous higher lows, confirming a bearish market structure shift. Time of Day / Session Alignment > The move happened near or during London–New York overlap, a period known for high volatility and institutional activity. Consolidation Before the Drop. There was a sideways range/consolidation just before the large drop—typical of “accumulation of orders” before a breakout.
Short
by jayrollings
GBP/CAD Short Setup 🧠 GBP/CAD Short Setup | 4H Analysis I'm eyeing a short opportunity on GBP/CAD based on a confluence of key technical signals: 🔹 Entry: 1.86361 🔹 Stop Loss: 1.88000 🔹 Take Profit: 1.81452 🔹 RRR (Risk-Reward): 1:3+ 🔍 Analysis: Price tapped into a higher time frame supply zone (S&D) and showed a clear rejection. We've seen a Break of Structure (BOS) followed by a bearish reaction. Price is respecting the ascending channel, showing signs of exhaustion near resistance. Potential for continuation to the downside targeting previous structure lows. 📌 If price respects the current S&D zone and fails to break above 1.88000, continuation lower remains valid. 📉 Trading Plan: Monitor lower timeframes for additional bearish confirmations and entry triggers before full commitment. ⚠️ Disclaimer: This post is for educational purposes only and should not be considered financial advice. Please trade at your own risk and always follow your risk management rules.
Short
by sksglobaltraders24on