GBPCADWe have wycoff accumulation once price taps into our demand that lies in our gold zone with our fib we'll look for longs we could possibly go on a lower timeframe to get a greater RR
GBPCAD trade ideas
GBP/CAD Targets Decline as Price Breaks Below Kumo CloudGBP/CAD is emerging a double top pattern on the daily chart following an uptrend, signaling a potential trend reversal due to waning bullish momentum. Currently, the price is descending towards the 161.8% Fibonacci level at 1.76824, which coincides with the neckline of the double top pattern and serves as a critical support area. The break of this level is essential for confirming the pattern.
Kumo Cloud Break and Ichimoku Analysis
The price has also broken below the Kumo cloud, indicating a shift to bearish conditions and reduced buying power.
If the price breaks the 161.8% Fibonacci level at 1.76824, subsequent support levels are at 1.75720 (200.0% Fibonacci) and 1.74523 (241.4% Fibonacci). Each of these levels can act as key points to assess the strength of the sellers and serve as strategic entry points for potential trade decisions.
Alternative Scenario
If the price fails to breach the 161.8% Fibonacci support and retraces upwards, it could target the resistance levels at 1.78611 (0.0% Fibonacci) and 1.79715 (61.8% Fibonacci).
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.
GBP/CAD Potential ShortHi Traders.
We see a clear breakout from the current ascending Chanel. Wait for a lower time frame continuation correction with at least 2 swing highs and 2 swing lows and a breakout from that structure to confirm further downside
GBP-CAD Long From Support! Buy!
Hello,Traders!
GBP-CAD keeps falling down
Towards the horizontal support
Level of 1.7700 and the pair
Is locally oversold so after the
Retest we will be expecting a
Local bullish correction
Buy!
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GBPCAD buybought GC due to strength in my systems opinion. USD news coming in an hour 15:30, curious what happens next.
GBPCAD Sellers In Panic! BUY!
My dear friends,
Please, find my technical outlook for GBPCAD below:
The price is coiling around a solid key level - 1.7837
Bias - Bullish
Technical Indicators: Pivot Points Lowanticipates a potential price reversal.
Super trend shows a clear buy, giving a perfect indicators' convergence.
Goal - 1.7917
About Used Indicators:
The pivot point itself is simply the average of the high, low and closing prices from the previous trading day.
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WISH YOU ALL LUCK
Sell gbpcad Remember our first idea already running 250 pips now
We expecting more selling pressure
Monthly still overbought
It will be sell whole this week
GBPCAD is in the bearish directionHello 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
GBP/CAD Short Setup on Pullback to Resistance LevelOverview: Currently observing a potential short opportunity on GBP/CAD as price trends downward. I’m waiting for a pullback to a key resistance level to evaluate entry conditions.
Analysis:
The 1-hour timeframe shows price respecting the red moving average (acting as dynamic resistance) and moving lower.
I'm setting an alert at 1.7945, close to the moving average, where I anticipate potential resistance on a pullback.
Entry Plan:
Alert Level: 1.7945
If price approaches this level and shows signs of rejection (e.g., bearish candles, wicks, or lower highs), it would confirm a possible short entry.
Stop Loss: Tight stop just above the red moving average or recent high to limit risk.
Target: Targeting continuation to the downside, with an initial take profit at the recent lows around 1.7900 and possibly lower if momentum continues.
Risk Management: Using a tight stop to protect against a breakout above resistance. Monitoring price action closely around the 1.7945 level to confirm entry.
Disclaimer: This is not financial advice, and please ensure you use your own risk management practices when trading. Let me know your thoughts and if you see similar setups!
GBPCAD - Upside down before news??
Sell high, buy low in the consolidation zone
Find the previous support or resistance zone as TP or SL
GBPCAD: Bearish Move From Trend Line 🇬🇧🇨🇦
GBPCAD may drop from a solid falling trend line on a 4H.
After its test, the pair started to consolidate.
A strong bearish imbalance candle violated its support,
giving a strong bearish confirmation.
With a high probability, the price will reach at least 0.793
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GBPCADan upward trend, a correction where the consolidation at 30 min time frame is confluencing at a support level. Price reaching out to this zone makes me guess that the uptrend is going to keep continuing from here.
GBPCAD TRADE IDEA ?? #GBPCAD #XAUUSD #EURUSD #GBPUSD #NZDUSD GBPCAD is bearish in daily candlestick and 4hr is also bearish so i'm looking for sell in this trade
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 RR
Long idea for GBPCADLooking for a Buy
Entry @ 1.80225
Stop Loss @ 1.80000
Take Profit 2 @ 1.80576
Risk Reward - 1:2
GBPCAD Bounce from SupportI believe GBPCAD will have a bounce from this support zone and go up to test the previous level.
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!
Possible upsidePound Cad may head up after selling off for sometime now. Rejection and stability under 1.76700 may continue the downward momentum 1.75500 and 1.74900 regions. Stability above may likely lead an upside movement towards 1.78000 or further 1.79000
GBPCAD BUY IDEACurrent Price: 1.77887
Sell Price: 1.77887
Buy Price: 1.77887
Take Profit (TP): 1.79842
Buy Stop: 1.78388
Stop Loss (SL): 1.76987
The price fluctuating within a range, which suggests a period of consolidation after recent movements.
The Stop Loss (SL) set at 1.76987 is a critical support level. If the price breaks below this level, it might indicate a further downward trend.
The Take Profit (TP) set at 1.79842 is the immediate resistance. If the price reaches and breaks above this level, it suggests a bullish breakout.
Current RSI Values: 50.79 and 50.48
RSI around 50 suggests that the market is in a neutral zone, neither overbought nor oversold.
You should watch for the RSI to move towards the 70 level (overbought) or 30 level (oversold) for potential reversal signals.
Consider entering a buy position if the price approaches the Buy Stop at 1.78388, indicating upward momentum.
Monitor for bullish candlestick patterns, such as the hammer or bullish engulfing pattern near this level, to confirm the entry.
Set a Stop Loss (SL) at 1.76987 to manage downside risk. This level acts as a safety net if the trade moves against you.
The Take Profit (TP) at 1.79842 provides a target level to secure profits.
Look for increased trading volume near the buy stop and take profit levels to confirm strong buying or selling interest.
Developing inverse head and shoulder Pound Cad appears to have found support on a significantly higher timeframe low, yielding a potential pullback to the upside. However, stability under 1.77000 may continue downward pressure. Also, as long as price is above the mark, the pair may find bullish pressure.
