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GBPCAD trade ideas

Lingrid | GBPCAD bullish BREAKOUT with Short-Term PullbackThe price has perfectly followed my previous analysis . Recently, the FX:GBPCAD price broke and closed above the previous week's high and the psychological level at 1.85000. Following this significant breakout, the market is pulling back toward the support level, trendline, and triangle pattern. If the market remains above this support zone, the chance of continuation is high. I expect the price to reject this level and rebound, following with continuation toward the next resistance zone. This price action demonstrates classic market behavior following a key breakout, where a retest of former resistance as new support often provides an optimal entry point for traders aligned with the prevailing trend direction. My goal is resistance zone around 1.86510 Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻
Long
by Lingrid
7
GBPCAD Bullish Move to 1.90 - 1.91 Level GbpCad my most Recent Trade right now, looking at the GbpCad we can see price Broke the Mayor Level 1.80 and came back to retest the level, giving us a nice set up to the upside, as you can see not only priced retest the Mayor Level 1.80 but also bounced off the Bullish Trendline, indicating is price wants to continue pushing up, what i really saw is price created a nice support area at 1.81 where we got a nice Break of Structure, Break of the Counter Trendline and a Lower High after the break, that's enough for me to enter because overall i don't see anything more price has to do in order to push, there's no more bearish insights to take a look at, and with all the momentum and confluences i do believe price will start pushing anytime soon, of course if you look at my charts you can find more confluences like the inverted H&S Pattern, the Break above of the EMA's, EMA's crossing over, etc. Imma hold this trade until price tells me otherwise.
Long
by Jcasanova32
GBPCAD is ready to push againNo comment needed. All information is in the chart analysis. Steps to follow: Analyze yourself. Take the position with SL and Take Profits. Wait, it may take a couple of days, so take a break and step away from the screen from time to time, just like I do :) Get the result. I will update the trade every day. Like, comment with your good mood or viewpoint, share with your circle. It’s together that we get stronger! Good trades, Traders! The golden bear
Long
by thegoldenbear
Pound Cad analysis In this analysis I started from weekly time frame identifying the directional bias. I then marked my previous weekly highs and previous weekly low. After identifying that I then looked at the structure to see if we are in an impulsive wave or a correction wave. I then concluded that I am in a correction phase. But I can see that the high took the previous one and retraced back into the structure giving us a clear push down and now I am in a correction phase expecting the graph to do what it did previously since it has taken the high I don't expect it to be continuing further. I then went to the daily time frame to refine my trendlines and to see the structure clearly. After that I went to the 4 hour to confirm the structure but now I am neutral as I expect the price to turn over on the third touch or go further to give me a double top within a weekly double top. As for now I want to see where the price react at then I will take decision thereby preventing unnecessary loss.
by wfelk626
GBPCAD - Potential SellCMCMARKETS:GBPCAD Hi Traders, here is my view on this pair. BIAS: SELL Logical Analysis: Since the end of 2022, the demand for this pair has been very high. As a trader, this strong demand leads me to favor trading it to the upside. However, it's important to remember that buying cannot happen without selling, which makes me believe that a potential discount may currently be taking place. We initially saw an aggressive discount from the 0.8700 level, bringing the price down to 0.8000, where buyers clearly stepped in. Since then, we've been following the momentum of the buyers. However, based on recent price action, it appears that buying interest is starting to weaken—or that buyers are no longer finding value in the trade—around the 0.8400 level. Technical Analysis: Key Levels Resistance (Sell Zone): 1.8420–1.8470 This area has acted as a ceiling multiple times. Price has failed to break and close above this level convincingly. Target (Support Zone): 1.8000 A well-established support area, also near the 200 EMA, which acts as a dynamic support. Timed Entry: Up to you :) Good Luck
Short
by tarati.lorenzo
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Short
by Thief_Trader
GBPCAD continue deeper the retracementWeekly we are having the retracement from bull run, but I see potential on sells because of multiple rejection from AOI W formed, and beautiful Head&shoulders pattern formed on Daily timeframe. I excpect the wick of Weekly in this zone and with engulfing confirmation we can enter to sell to continue the push deeper to HL Weekly DISCLAIMER! The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by me
Short
by snapfx24