GBPCAD TRADE SETUPWait for retest the entry level and bearish momentum then take a trade for sell otherwise skip this setup
GBPCAD trade ideas
gbpcad Demand we have demand on the 4h, this zone is outside the range and were going to consider a long opportunity. we have the novice area above
GBPCAD supply and trendline breakCANADA COT data shows that canada is showing more bull power than GBP. we will wait for the bullback and rejection of that area. once the rejection closes we take the break of the rejection candle.
GBPCAD-BUY strategy 3 hourly chart GANN SQThe pair has been under a lot of pressure based on latest financial releases, showing rates should remain as is. However, the central bank stance might still be decreasing rates, and technically the pair is very oversold, and in fact that is an understatement.
Strategy BUY @ 1,7485 - 1.7530 and take profit near 1.7717 for now. There is room for further move higher as a note.
GBPCAD Bounce from SupportI believe GBPCAD will have a bounce from this support zone and go up to test the previous level.
GBP_CAD SUPPORT AHEAD|LONG|
✅GBP_CAD is approaching a demand level of 1.7409
So according to our strategy
We will be looking for the signs of the reversal in the trend
To jump onto the bullish bandwagon just on time to get the best
Risk reward ratio for us
LONG🚀
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GBPCAD I Potential long from bottom of the channel Welcome back! Let me know your thoughts in the comments!
** GBPCAD Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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Thanks for your continued support!Welcome back! Let me know your thoughts in the comments!
#009 DCA GBPCAD SellI am now entering on the 4H Time Frame. Giving my trades more space.
Previously, I placed several Limit Orders, but now, I decided to place less, because I have more space for price to run now. And also, I think that if price goes against me and enters into a drawdown or triggers my other Limit Orders, I should seek to exit for a Breakeven, instead of hoping to make a profit.
Breaking even is possible by exiting at the halfway mark between my first position and my last position.
Meaning, If I have 3 positions opened, and price is currently at the breakeven price of my 2nd position, I am currently breakeven for all trades because,
1st - -10cents loss
2nd - Breakeven
3rd - 10cents profit
which equates to a breakeven.
The amount of position is not a problem. As long as price is at the middle of all your positions, you could exit all of the positions and be on an average breakeven (might be in slight loss, or slight profit which all eventually evens out in the long run as you continue trading).
1st - 100$ loss
...
50th - Breakeven
...
100th - 100$ profit
Exit at the 50th position and all your trades would be breakeven (excluding the commission. 100 trades would rack up a lot of commission.)
Too many thinking. I wanna go do some delivery orders but I feel a blur.
0956SGT 22112024
GBPCAD - Bearish Double TOPHello Traders !
The GBPCAD failed to create a new higher high !
The price formed a double top pattern.
Currently, The neckline is broken 🔥
So, I predict a bearish move📉
_____________
TARGET: 1.74620🎯
Institutional Demand: GBP/CAD longsHey,
The main pair on watch for this friday and monday will be this one.
Price is reaching a very nice area of demand.
Looking for the 4hour chart to shape up.
Be patient, I want to see it roll-over lower first.
Max
GBPCAD SElls- lets see if we can use that 4hr FVG to push further down.
- using that 4hr order block as my last try to sell
- hopefully we get that set up right now during London session
GoodLuck
P.S Risk management is the key
GBPCAD-BUY strategy 3 hourly chartThe pair has been hammered, due to CPI and also strong weakness GBP (rather USD strength). It is very oversold, and one should expect sooner or later a retest 1.7630 GANN resistance and an overall correction back to 1.7787.
Strategy BUY curr4ent @ 1.7575-1.7595 and take profit @ 1.7678 for now.
Trading Idea: GBPCAD 1D - Bearish Continuation SetupIn this GBPCAD daily chart analysis, the market structure suggests a bearish continuation setup based on ICT (Inner Circle Trader) concepts. The price has shown signs of rejection at key levels, and we expect further downside as liquidity gets taken out. Here's the detailed breakdown:
Market Structure and CHOCH
The chart shows a Change of Character (CHOCH), which signals a shift in momentum to the downside. This comes after price failed to sustain its bullish structure, breaking below a previous low and confirming the bearish bias. The CHOCH aligns with the expectation of a continuation to lower levels.
Fair Value Gap (FVG) Mitigation
We see price moving into a Fair Value Gap (FVG), highlighted in green, created by the sharp bearish move. This FVG serves as a premium retracement zone where price is likely to find resistance, offering an optimal opportunity for smart money to enter short positions.
Key Levels
Rejection Zone (Highlighted in Orange): Price has already shown a reaction and rejection from this zone, which aligns with previous support turned resistance. This level adds confluence to the bearish setup.
Liquidity Pool: Below the $1.7450 level, significant liquidity rests from retail stop-losses. Price is expected to target this area as it moves lower.
Bearish Bias
The overall bias remains bearish, as the market structure and liquidity principles align for further downside. The retracement into the FVG provides an opportunity for shorts before price continues lower to target liquidity beneath previous lows.
Execution Plan
Entry: Look for short positions in the FVG zone ($1.7700 - $1.7750) or at the rejection zone if price revisits it.
Stop Loss: Place stops above the FVG zone at around $1.7800, protecting against deeper retracements.
Take Profit:
First Target: $1.7450 (Liquidity Pool below the lows)
Extended Target: $1.7200 (Deeper liquidity and historical support)
Confluence for Bearish Setup
CHOCH: Momentum has shifted bearish, confirmed by a break of structure.
FVG: Price is retracing into a premium pricing zone for short entries.
Liquidity Pool: Sell-side liquidity below previous lows provides a magnet for price.
Rejection Zone: Price has already shown a reaction, reinforcing the bearish bias.
Summary
GBPCAD is poised for a bearish continuation as price mitigates the FVG and targets liquidity below. The combination of structure, liquidity principles, and rejection zones suggests a high-probability short setup. Patience for an entry confirmation within the FVG zone will ensure a favorable risk-to-reward ratio.
Disclaimer: This is not financial advice. Always manage your risk and perform your own analysis before executing trades.
Potential Short Opp on GBPCADSome Confluences telling me that this pair will go short.
- 4H trendline no longer respected.
- Price failed to make a higher high
- Price made a lower low
- Bearish RSI divergence on Daily time frame
What do you think?
GBPCAD Wave Analysis 21 November 2024
- GBPCAD broke support zone
- Likely to fall to support level 1.7500
GBPCAD currency pair today broke the support zone between the support level 1.7700 (which reversed the price in August and September) and the 38.2% Fibonacci correction of the upward price move from April.
The breakout of this support zone accelerated the active minor impulse wave C of the ABC correction 4 from May.
GBPCAD currency pair can be expected to fall further to the next support level 1.7500, target price for the completion of the active wave 4.
GBPCADthis pair is in a range in 4 hr time frame, however, huge tanking on the 1 hr and 15 min is observed. i am speculating it's proposing another short position from here.
GBPCAD: Bullish Continuation & Long Signal
GBPCAD
- Classic bullish pattern
- Our team expects retracement
SUGGESTED TRADE:
Swing Trade
Buy GBPCAD
Entry - 1.7712
Stop - 1.7653
Take - 1.7852
Our Risk - 1%
Start protection of your profits from lower levels
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GBPCAD-BUY strategy 6 hourly chartthe pair is moving nicely within the GANN square, and we are supported at 1.7695 area (low 1.7678 today). We have room to test 1.7765 en route 1.7895, but feel we will sop near 1.7827 for now.
Strategy BUY @ 1.7710-1.7720 and take profit at 1.7797 for now.
GBPCAD H4 300 pips dump incoming short it🔸Hello traders, let's review the 4hour chart for GBPCAD today. Weak
support breakdown in progress currently on H4 and I don't expect it
to hold the sell side pressure.
🔸There is no strong S/R zones until 7440 currently we are trading at 7730
so I expect the price to slide through the weak s/r zone. S/R zone
was tested multiple times recently and only produced a weak bounce
therefore expecting breakdown and new dump.
🔸Recommended strategy for GBPCAD traders: short sell at market or
short sell any weak bounces near market price, SL 60 pips TP1 +150 pips
TP2 +300 pips. good luck traders!
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RISK DISCLAIMER:
Trading Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.
GBPCAD-BUY strategy 3 hourly chartthe pair traded somewhat lower, due to OIL strength, plus inflation slightly higher than expected. The pair is oversold, and in combo USDCAD and GBPUSD it feels we may see around 1.7795 short-term.
Strategy BUY @ 1.7715-1.7725 and take profit near 1.7778 for now.
