bulish trendIt seems that the price has reached a good area to climb, and with the available signals, a short climb can be expected
GBPCAD trade ideas
GBP/CAD SELLERS WILL DOMINATE THE MARKET|SHORT
Hello, Friends!
GBP/CAD is making a bullish rebound on the 3H TF and is nearing the resistance line above while we are generally bearish biased on the pair due to our previous 1W candle analysis, thus making a trend-following short a good option for us with the target being the 1.746 level.
✅LIKE AND COMMENT MY IDEAS✅
SellA rising wedge form on a high time frame wich is one of the reversal pattern we have .. Go to ltf and look for entry to swing
For the weakness of the pound and the move to lower pricesGiven the breakdown of the pound's support trendline and pullback zone, we can enter the sell position with risk control.
risk management
GBPCAD sell
GBPCAD FORECASTHello guys it is another beautiful day God has given to us. Today we have GBPCAD on watch and it is looking even more good. The price has reached a reversal area however the way it is looking like it give us the signal of a continuation, than a reversal. What we only need is to let the price give us confirmation before we make decision to execute.
GBPCAD Wave Analysis 16 January 2025
- GBPCAD reversed from strong support level 1.7490
- Likely to rise to resistance level 1.7700
GBPCAD currency pair recently reversed up with the daily Japanese candlesticks reversal pattern Hammer from the strong support level 1.7490, which has been steadily reversing this currency pair from the start of August.
The support level 1.7490 was strengthened by the lower daily Bollinger Band and by the 61.8% Fibonacci correction of the upward impulse from last April.
Given the strong daily uptrend, GBPCAD currency pair can be expected to rise to the next resistance level 1.7700.
GBPCAD may slide downGBPCAD might be preparing for the continuation of downtrend, and here's why:
Despite strong yields of UK Gilts (government bonds), British Pound is under pressure.
From a technical standpoint, GBPCAD is positioned far below the value area (combination between 20 and 50 moving averages), usually that indicates the price discovery process, when the instrument is trying to find the new equilibrium.
The 3-rd and 4-th day above the local low usually carries high risk of reversal, so I'm planning a short position in the direction of the next swing wave as shown on the chart.
Don't forget - this is just the idea, always do your own research!
GBPCAD is ready For a BuyHello Traders
In This Chart nzdcad HOURLY Forex Forecast By FOREX PLANET
today GBPCAD analysis 👆
🟢This Chart includes_ (GBPCAD market update)
🟢What is The Next Opportunity on GBPCAD Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Chart
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 buy trade The Relative Strength Index (RSI) is showing an upward trend, indicating increasing momentum. Additionally, the Moving Average Convergence Divergence (MACD) is showing a bullish crossover, further supporting the potential for an upward move
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
GBP/CAD Potential ShortHi
HTF Ascending Channel
Breakout from Channel and bearish continuation correction
Wait for conformation breakout
GBPCADhuge drop, correction, v-formation and range, break out and consolidation, then break out. a short from here is expected
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.
Institutional Demand: GBP/CAD longsHey,
As expected, the GBP pairs yesterday reached value.
As I shared with GBP/USD, more upside is what I expect.
This chart looks great and ready to move.
4-Hour confirmation is clear.
Kind regards,
Max Nieveld
GBPCAD - BearishGBPCAD is bearish and retracing well towards Fib 0.5 - Fib 0.61 level. Taking short entry at these levels with SL above previous high
GBPCAD Short Term Sell IdeaH4 - Bearish trend pattern
Strong bearish momentum
Until the strong resistance zone holds I expect the price to move lower further after pullbacks.
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.
