Gbpcad short Same bias that I have on gbpusd only that I expect short pressure to be coming in soon
Heads and shoulder formation
GBPCAD trade ideas
GBPCAD long ideaMarket as been in an uptrend with break of structures to the upside.
A pullback into 0.382 fib level in confluence with demand and third touch of a trendline. 1.745 serves as a good point for buyers to place theirs orders to go long.
If this level fails then the weekly demand level should hold
GBPCAD Technical Analysis! SELL!
My dear subscribers,
My technical analysis for GBPCAD is below:
The price is coiling around a solid key level - 1.7720
Bias - Bearish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear sell, giving a perfect indicators' convergence.
Goal - 1.7613
My Stop Loss - 1.7797
About Used Indicators:
By the very nature of the supertrend indicator, it offers firm support and resistance levels for traders to enter and exit trades. Additionally, it also provides signals for setting stop losses
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WISH YOU ALL LUCK
GBP---CAD-------SHORTResistance become support and trend line broke and there is strong resistance zone make a ride till Tp 1
GBP/CAD BEST PLACE TO SELL FROM|SHORT
Hello, Friends!
GBP/CAD uptrend evident from the last 1W green candle makes short trades more risky, but the current set-up targeting 1.751 area still presents a good opportunity for us to sell the pair because the resistance line is nearby and the BB upper band is close which indicates the overbought state of the GBP/CAD pair.
✅LIKE AND COMMENT MY IDEAS✅
GBPUSDThe Bank of Canada cut its key interest rate by 25bps to 4.75% in its June 2024 meeting, as expected, and signaled that more rate cuts are to be delivered should inflation continue to slow as expected. The central bank noted it has stronger confidence that disinflation is converging toward the target of 2%, warranting a less restrictive policy stance. Both of the Bank’s preferred measures of underlying inflation moved to below the 3% threshold in April, and are expected to continue decreasing throughout the year along with the headline CPI. In the meantime, Canada’s first quarter GDP growth was softer than the levels expected by the BoC, and labor data pointed to a tightening job market, further warranting a response of more accommodative credit conditions. Still, the Bank noted that upside risks to price growth remained, magnified by uncertain geopolitical tensions and a relatively more hawkish Fed, raising question marks on how quickly the interest rate can fall.
GBPCAD - 4hrs ( Sell Trade Target Range 180 PIP )Pair Name : GBP/CAD
Time Frame : 4hrs Chart / Close
Scale Type : Large Scale
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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 ( Short )
Type : Mid Term Swing
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Bearish Reversal
1.77900
Bullish Reversal
1.75650 Area
Reasons
- Major Turn level
- Fibo Golden Zone
- Pattern Target
- Quarter's High Area
- Choch Zone / Majoe
GBP VS CAD; Simple Trade Plans Into Next WeekGBPCAD is rallying continuously - so areas for short side trading can be picked.
This comes against a BOC that has given a quicker easing cycle than the BOE, further driving impetus.
Shorts need to be considerate in this environment.
GBP / CADThe Pair has reached an up trending resistance as it is in an ascending channel and on the smaller time frame it is making a correction which can be a sign to short the market
GBP/CAD Bullish Breakout AlertGBP/CAD has broken out of its ascending wedge pattern, indicating a strong potential for continued upward movement. Traders should watch for further bullish momentum as the pair continues to gain strength.
NEW TRADE; GBPCAD: ITF CURVE ANALYSIS (2D) - DOWNTREND✨ GBPCAD: ITF CURVE ANALYSIS (2D) ✨ (DOWNTREND)
-SL @ 1.78887 (CONSERVATIVE)
-SL @ 1.78276 (AGGRESSIVE)
SLO2 @ 1.7815 ⏳
MO OR SSO @ 1.7805 - TRIGGERED/⏳
SSO2 @ 1.73188 ⏳
TP1 @ 1.65926
TP2 @ 1.5950
TP3 @ 1.55328
TP4 @ 1.48384
BLO1 @ 1.46716⏳
🔑
BLO = BUY LIMIT ORDER
ITF = INTERMEDIATE TIME FRAME
MO = MARKET ORDER
-SL = NEGATIVE STOP LOSS
SLO = SELL LIMIT ORDER
SSO = SELL STOP ORDER
TP = TAKE PROFIT
NOTE: This trade is active. I freely went MO to ensure a decent entry while placing the others as listed above. Going to see if we can get this one as the R:R is well for me to take this risk. You will see an aggressive -SL and a conservative -SL. If you're wondering, I'm using both. Let's see how this plays out..
Intermediate time frames (4 hours to 6 day):
— Offer a clearer picture of the underlying trend compared to short-term frames.
— Provide more opportunities for confirmation signals and technical analysis.
— Allow for more flexible trading schedules, trades can be held overnight.
— Suitable for swing traders and some positional traders.
GBPCAD: ITF CURVE ANALYSIS (12H) - DOWNTREND✨ GBPCAD: ITF CURVE ANALYSIS (12H) ✨ (DOWNTREND)
SLO2 @ 1.75699 ⏳
SSO1 @ 1.74981 ⏳ (SET AS AN SSO - let price pass before setting)
TP1 @ 1.73613
TP1a @ 1.7266
TP2 @ 1.71618
TP3 @ 1.7031
BLO1 @ 1.6996 ⏳
BLO2 @ 1.69233 ⏳
🔑
BLO = BUY LIMIT ORDER
ITF = INTERMEDIATE TIME FRAME
PA = PRICE ALERT
SLO = SELL LIMIT ORDER
SSO = SELL STOP ORDER
TP = TAKE PROFIT
NOTE: This pair is currently in an overall uptrend. However, the ITF (intermediate timeframe) shows us in a downtrend PB (pullback). For the professional trader, you know how to navigate this dilemma. For all else, ask your questions and I'll do my best to respond in a timely manner. Position size appropriately if you plan to take advantage of the opportunity.
Intermediate time frames (4 hours to 6 day):
— Offer a clearer picture of the underlying trend compared to short-term frames.
— Provide more opportunities for confirmation signals and technical analysis.
— Allow for more flexible trading schedules, trades can be held overnight.
— Suitable for swing traders and some positional traders.
GBPCAD: Fundamental and TechnicalDear Traders,
On the one hand, Levels of tensions in Hamas-Israel conflicts has decreased. So oil markets started to be more secure thus the CAD had has problems to grow. At the same time, UK witnessed signs of grow for GBP! GBP surged and we are around top of a long-term channel and around a relatively strong level.
On the other hand, we are seeing great momentum in the pair and also I'm not sure about good news in middle east.
In conclusion, I have got my profits out of GBP. Now it's time to rest and see where the future is going. I'm waiting for a break out of weekly level to continue to long the pair. any strong bearish move that change the trend or any important news might change the direction of the trend.
GBPCAD - Overbought Zone AheadHello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 GBPCAD has been overall bullish from a long-term perspective, trading within the rising channel in red.
Currently, GBPCAD is approaching the upper bound of the channel.
Moreover, it is also approaching the upper bound of the medium-term channel marked in blue.
🏹 Thus, the highlighted red circle is a strong area to look for sell setups as it is the intersection of the upper red/blue trendlines acting as non-horizontal resistance.
📚 As per my trading style:
As #GBPCAD approaches the red circle zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Trade set up on GBPCAD On HTF price has strong momentum to the upside looking for more continuation pattern
GBPCADCurrently on GBPCAD on the 4hr time-frame price the 01:00 4hr candle stick sweep out liquidity and the previous day high , also making a turtle soup at the same time. Now we are waiting for a distribution to the down side
SELL Off Imminent ?? Drop to 1.73 Next??As per my last trade idea on this pair we got the dip back down under the 1.73 mark and are now well inside the Monthly SELL zone fast approaching the 1.78 mark were I mentioned that the market may target (see related post)
So, what's next? Over the coming days and weeks, it’s likely we’ll see a sell-off for this pair.
On the weekly charts, the 1.775 level is a key resistance point where the market has repeatedly pulled back.
Zooming into the lower timeframes, the pair appears extremely overbought across all lower TF charts. This condition at a key resistance level typically signals an imminent trade in the opposite direction.
I will be patiently waiting for any SELL signals using my TRFX indicator, from the 4-hour to the daily chart. Once the first signal occurs, I plan to build a short position.
The initial target for this trade is the previous resistance area of 1.73, where buyers are likely to regroup for another attempt to break through the 1.775 resistance level before potentially moving back down toward 1.70 or lower.
Given the key resistance and overbought conditions, a sell trade seems the most logical next step.
Share your thoughts in the comments.
(P.S. I've been a bit busy the past few weeks, so I haven't been as active on the platform.)
avoid buy GBPCAD, it is overboughtCurrent strenght in revertion area, strong weekly resistence. Time to think in SELL this par
GBPCAD4 mins til neewwwwwwwwwwwwsssssssss im excited but idk whats gonna happen to be honest someone help me
gbpcad 4hrapproaching resistance zone, our previous resistance will be our new support, so we expect a test to our previous resistance
