GBPCAD HUGE selloff expectedPrice is extremely oversold and is at a major supply level. Price has been rejecting this level since 2017 and every time it has got to this level price has plummeted. We are also at a 1h supply level.Shortby jackraddon333
GBPCAD - 4hrs ( Buy Trade After Break TP Range 200 : 300 PIP)🟢 Pair Name :GBP/CAD Time Frame : 4hrs Chart / Close Scale Type : Large Scale ------ spreading knowledge among us and to clarify the most importan+t points of entry, exit and entry with more than 5 reasons We seek to spread understanding rather than make money 🟢 Key Technical / Direction ( Long ) After Break Out ——————————— Bullish Break 1.80650 Area Reasons - Major Turn level - Visible Range Hvn - Fixed Range hvn - Quarters area break - Choch Zone Bearish Reversal 1.89750 AreaLongby GoldenEngine4457
GBPCAD BEARISH FOR 120 PIPSRisk-to-Reward Ratio: You're looking at a risk-to-reward ratio of approximately 1:2.4 (120 pips reward to 50 pips risk), which is generally favorable as it allows for larger potential profit relative to the risk. Technical Analysis Setup: Downtrend Confirmation: Check for confirmation of a downtrend by observing a series of lower highs and lower lows. You could also use moving averages (such as the 50 EMA and 200 EMA) to see if the price is below them, which would reinforce the bearish outlook. Support and Resistance: Look for any major support levels around the 120-pip target. This will help confirm that price could reach this level without major barriers. Key Indicators: Use RSI or MACD to confirm any overbought conditions, which would indicate the potential for further downside. Entry Trigger: To increase your trade's precision, consider entering on a lower timeframe if there is a bearish engulfing candle, pin bar, or any other strong bearish price action. Volatility and Timeframe: Ensure you're entering during a high-volatility period (such as a London or New York session overlap) if looking for a quicker move. GBP/CAD can be quite reactive to news from the UK or Canadian markets. Managing the Trade: As the price approaches the 120-pip target, consider scaling out or adjusting your stop loss to secure profits while maintaining some exposure in case the trend continues further down.Shortby LORDOFTHETRADERSUpdated 4
GBPCAD SHORT 4H TIME FRAME EntryGBPCAD SELL SHORT Trade on GBPCAD - Entry at 1.79455 , TP at 1.76180 STOP LOSS - 1.81140 ( At the swing high) . aiming for 1:1.2 RRShortby Wetrade4selfUpdated 4
GBPCAD, Triple Top, Strong Resistance with Bearish divergenceTrading @ strong Resistance Zone Triple Top Formation Bearish Divergence Short @ CMP SL above triple top TP 1.78465 1:2 Risk to RewardShortby itsrohansaeed1
gbpcad potential buyintra day buy coming towards election 1:5 r good key level reachedLongby Fiveonefive1
GBPCAD Eyes a Strong Rebound from Key Support ZoneThe GBPCAD pair has recently broken through a significant resistance level and pierced a longstanding downward trendline, suggesting the beginning of a bullish trend shift. This breakout is a strong technical signal that hints at a potential shift in market sentiment, favoring the buyers. Observing price action on the daily timeframe, there’s a clear pattern of higher highs and higher lows—indicating persistent buying strength and steady momentum that continues to build with each new high. What’s particularly noteworthy is how the price approaches the psychologically important level of 1.8000. This round number often serves as a critical juncture for price action, as it tests both the conviction of the bulls and the resilience of the bears. Given the current upward momentum, this level could soon be surpassed, allowing the pair to break further into bullish territory. A retest of the recently broken resistance zone would further validate this bullish move, establishing the 1.8000 mark as a new support level that can launch further upward advances. Looking forward, my target lies around the resistance zone at 1.8070, where the next substantial price ceiling resides. This target aligns well with the bullish continuation patterns observed, as GBPCAD appears poised for sustained gains. Should this upward movement continue with strong support from market participants, we may see a definitive move toward the 1.8070 resistance, solidifying a broader trend reversal and setting the stage for potential long-term gains. In this bullish landscape, each new high reinforces a prevailing buyer-driven sentiment, making the breakout and retest scenario even more compelling.Longby lonelyPlayer0Updated 335
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GBP/CAD OUTLOOKIn this analysis we are focusing on 1H time frame for GBPCAD. I'm looking for a potential sell today. Here we are using supply and demand strategy with breakout and rejection concept. So let's delve deeper into these levels and potential outcomes. Always use stoploss for your trade. Always use proper money management and risk to reward ratio. This is just my prediction or analysis. #GBPCAD 1H Technical Analyze Expected Move.Shortby TradeTacticsrealUpdated 6
We had a deep retest in GBPCAD and we may continue up today The market pushed to the up side for 3 day without a significant retest, and on Thursday we had a deep retest and I we saw a reaction at 1.78815, I am targeting 1.81902.Longby PrinciplesTrader4
Long On GBPCADGoing Long on GBPCAD early in the week. The pair looks set to continue higher and put further gains on the table. Entry: 1.8000 Targets: 1.8148 & 1.8294 Stops: 1.7859 Risk to Reward is 1:2 #GBPCAD #Tradesetup #LongLongby Trader_97Updated 441
GBPCAD= SellPrice has completed a 5 wave structure, making a contracting flat in between. We are also seeing a reaction at the Daily supply zone which seems to be holding thus far. Either the price will reverse at the trendline to continue to the upside or we have a nice break to the downside. Time shall tell. Lets see how this one goes.Shortby WaveAway1
14-10-2024 _ Short Term Bullish Idea _ EURCAD H41. Price is moving in a Rising Channel. 2. Price is above 200 Moving Average. 3. Strong impulse to the Upside breaking last LH resulting in Convergence. 4. Pullback expected to the support zones followed by continuation to the Upside. Actively look for BUY Setups. 5. 180 - 225 pips move expected. Longby ansfarUpdated 5
GBPCAD sell opportunityKeep a close eye on the R1 pivot on GBPCAD. That's exactly where the BSL is and also the highest level the pair has been in the last 6 years. That area surely has to be a very strong sell opportunity, down to at least the weekly open which is a strong support level with a bullish OB just belowShortby Nevavarine222
GBPCAD Massive Short! SELL! My dear followers, This is my opinion on the GBPCAD next move: The asset is approaching an important pivot point 1.8040 Bias - Bearish Safe Stop Loss - 1.8084 Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market. Goal - 1.7967 About Used Indicators: For more efficient signals, super-trend is used in combination with other indicators like Pivot Points. ——————————— WISH YOU ALL LUCK Shortby AnabelSignals116
High timeframes very bullish for GBPCAD. See chart please.All credit to Lingrid, who recently alerted this trade, I thought it looked very bullish. Back in first couple of weeks in September, price headed down to liquidity buying zones and price then ascended very strongly, before heading back down to the same order blocks for liquidity in October. Price bumping around a bit lately, it has good momentum support upwards on the Oscillators and recently today Monday, price has been traversing double tops and price will drift upwards I think very soon. Longby Easy_Explosive_TradingUpdated 662
GBPCADDue to the difference between inflationary expectations and Kut's data, this analysis was imaginedShortby abolfazlaboozade2
GBP/CAD BEARISH BIAS RIGHT NOW| SHORT Hello, Friends! We are going short on the GBP/CAD with the target of 1.784 level, because the pair is overbought and will soon hit the resistance line above. We deduced the overbought condition from the price being near to the upper BB band. However, we should use low risk here because the 1W TF is green and gives us a counter-signal. ✅LIKE AND COMMENT MY IDEAS✅Shortby EliteTradingSignals112
GBPCAD for buy.Trendline+ resistance, + double bottom+ break and retest. For Continuation buy.by makindetoyosi23
GBP-CAD Local Short! Sell! Hello,Traders! GBP-CAD went up sharply And hit a horizontal resistance Level of 1.8143 and as the Pair is locally overbought We will be expecting a local Bearish correction Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too! Shortby TopTradingSignals112
Different senarioes, all bearishSentimentally, GBPCAD needs correction before going upper and breaking its tough resistance.Oil price will be very effective on it but I am going on sell.Shortby ahmadbiotech3
Gbpcad sellHighs and lows where form . On weekly and daily. A particularly Highs got taken out and will lead to a sell. Shortby aharon442
GBPCAD-longGBPCAD is making a complex correction. Likely will scalp shorts and swing longs until the boxed are, any small h4 corrections of h1 will then add more longs once the scalps are doneLongby Tradingdeck552