GBPCAD trade ideas
GBPCAD - In Bullish TrendGBPCAD is in bullish trend. I have plotted ABCD Bearish Reversal Harmonic on the chart on 1D time frame which this chart has complimented. Currently the chart is on its way to point D for trend reversal. There is a bearish divergence on this chart which is not that strong (2nd peak below RSI level of 70) which might put chart on sideways for a while. The sentiments for this chart is also towards Short Selling. But the indices for both the currencies (BXY & CXY) are indicating towards a Long trade (BXY is bullish and CXY is bearish). My final analysis is on 1H time frame and I have opted to go for a long trade.
The Signal is:
EP: 1.78024
SL: 1.77449
TP: 1.7917 (1:2)
RR: 0.25%
Lots: 0.05
Bearish GBPCADThe price has faced multiple non horizontal and horizontal resistances on multiple timeframes. And recently the price broke below the last low indicating that a shift in trend is to be expected.
GBPCADLately on GBPCAD there was a huge distribution to the upside and now price has reached our POI and as you can see on the 4hr timeframe price has just swept our CRH for the previous WEEKLY candle stick and has closed below it.
GBPCAD BUY NOW!!!!!!!!!!GBPCAD is still on uptrend we just made a minor retracement from the fvg zone for another new highs again am taking long from this zone till target 1.80929 is completed
JOIN AND ENJOY............
GBP/CAD BEARS ARE STRONG HERE|SHORT
Hello, Friends!
Previous week’s green candle means that for us the GBP/CAD pair is in the uptrend. And the current movement leg was also up but the resistance line will be hit soon and upper BB band proximity will signal an overbought condition so we will go for a counter-trend short trade with the target being at 1.744.
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It's possible to see Bears!!!One thing I like about the market is anything is possible. The structure at the moment suggest a possible shift
GBPCAD FIGHTS BACK...GBPCAD hits back...
And decides to make our setup invalid.
Most likely because there is fundamentals surrounding the Canadian dollar...
The Canadian dollar has lost its strength recently which is unlike this instrument...
But these situations happen and it's our job as investors to account for such situations...
GBPCAD bearish CHoCHGBPCAD is poised to reverse imminently. On 1HR timeframe, strong change of character (CHoCH) to bearish trend. Pullback into the range to grab liquidity before continuing down to make a lower low. Criteria met on 15min timeframe for entry.
Target next order block on the 1HR timeframe, no resistance on the way down...
I can write about a bunch of smart money concepts: accumulation, inducement, traps, liquidity and order blocks. Honestly, it would just take too long. Let me just say patience is a virtue, lots of educements and a trap or two. I believe they have been mitigated and it is setting up nicely for a Tuesday reversal and continuation to the downside during London session.
Lets see how she plays out.
This is only my idea and not meant as financial advice.
GBPCAD BuysThis trade was found by checking Daily and H4 timeframes. We are in an uptrend and we found FVG at a OTE and great support zone.
GBPCAD: Market Sentiment & Price Action
The analysis of the GBPCAD chart clearly shows us that the pair is finally about to tank due to the rising pressure from the sellers.
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Price bouncing off supportPrice has broken out of the downward channel due to buyers holding support. RSI is showing a divergence. Now there seems to be bullish movement at the current level. Taking a trade here to the previous high.
GBPCAD Possible Long Position BBM OA ReEntry Zone Zero Loss4H - Re-Entry
1H - 50 EMA Rejection + Bollinger Band
Rejection
15m - Entry in MAHILO
Note:
* Cancel trade or cut-loss when candle close Below MAHI (2 Red Color Lines) in 4H
* 1:3 RRR
* TAYOR
A combination of multiple moving averages and Bollinger Bands is the BBMA OMA Ally strategy. It provides an extensive and reliable examination of market trends and patterns by utilizing the strength of both indicators. It is a multi-time frame analysis
GBPCAD LAYOUT...About to hone in on this pair...
So far our backtesting is going well...
And preparation to take things further is approaching...
Here we can see a possible short position on this instrument.
Take profit is 98 pips away and our potential stops are 37 pips above our entry point.
Let's see how this pair wants to express itself.
Will it respect our analysis or not...
GBP/CAD +50 Pips 0 Drawdown , New Entry Valid After D Closure !This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
GBP/CAD At Strong RES Area , Is It A Good Place To Sell It Now ?This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
DCF Bets: GBP+2/CAD-3Today's market presents an opportunity for a long bet on GBP+2/CAD-3 with a risk-to-reward ratio of 1:1 or better. I've set a limit order at the beginning of GBP's demand zone, which will expire by the end of the day at 23:00 GMT+2. My total risk for this trade is ≈5%.
GBPCAD: Weak Market & Bearish Continuation
Remember that we can not, and should not impose our will on the market but rather listen to its whims and make profit by following it. And thus shall be done today on the GBPCAD pair which is likely to be pushed down by the bears so we will sell!
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GBPCAD SELL IDEAI marked the h4 time frame selling ideas on point where the retracement happen and have the pontential for the supplier to zone i saw the h4 hasn't break that area
Bullish trend on GBPCAD#GBPCAD is still on bullish trend but take note that very strong resistance level around 1.78062 while bounce at strong support at 1.73461. Between the area are also support such as 1.75061
GBPCAD Outlook Context 30m: GBPCAD has been pushing bullish and shown money coming in. Have this pair on my watchlist where we can possibly see some entries London/NY session this week.
Is the GBP/CAD Party Over?Rationale for a Short GBP/CAD Position
A short GBP/CAD position might be considered under the following conditions:
Diverging Monetary Policies: If the Bank of England adopts a more dovish stance compared to the Bank of Canada, it could weaken the GBP relative to the CAD.
Weakening UK Economic Outlook: A slowdown in the UK economy, or a deterioration in economic indicators such as GDP growth or employment, could pressure the GBP.
Rising Oil Prices: A sustained increase in oil prices would typically benefit the CAD, potentially weakening the GBP/CAD pair.
Technical Indicators: Overbought conditions, bearish chart patterns, or negative divergences on technical indicators might suggest a potential downside in the pair.
Cautions and Considerations
While a short GBP/CAD position may appear attractive under certain conditions, it's essential to consider the following:
Market Sentiment: Shorting against prevailing market sentiment can be risky. A sudden shift in market sentiment could lead to significant losses.
Geopolitical Risks: Unforeseen geopolitical events can dramatically impact currency pairs. It's crucial to monitor global developments closely.
Risk Management: Implementing stop-loss and take-profit orders is essential to protect capital and secure profits.
Diversification: Consider diversifying your portfolio to mitigate risks associated with a single currency pair.
