GBPCAD 1DIn an ascending channel, after breaking the resistance, I am waiting for a pullback to retest that area.
GBPCAD trade ideas
GBP_CAD WILL KEEP GROWING|LONG|
✅GBP_CAD is trading in an
Uptrend and the pair made a
Bullish breakout of the key
Horizontal level of 1.7860
Which is now a support and
From where we are already
Seeing a bullish reaction so
We will be expecting a
Further bullish continuation
LONG🚀
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The Great British pound and the Canadian dollar is bearish The great beaches and Canadian dollar is bearish for the week
The Great British pound and the Canadian dollar is bearish The great beaches and Canadian dollar is bearish for the week
#GBPCAD 1DAY#GBPCAD 1-Day Forecast Sell based on a Trendline Breakdown
On the daily chart for #GBPCAD, we are witnessing a bearish trendline breakdown, signaling a potential sell opportunity. The price has consistently respected a key upward trendline, but recent price action has seen a decisive break below this level, indicating a shift in market sentiment from bullish to bearish.
Key Insights:
1. Trendline Breakdown:
- After a prolonged period of following an upward trendline, the price has now broken below this support, confirming the loss of bullish momentum.
- This breakdown marks the beginning of a potential downward trend, with increased selling pressure.
2. Bearish Momentum:
- Following the breakdown, the price is showing signs of bearish momentum, with lower highs and lower lows forming, reinforcing the potential for further downside.
- Confirmation of this sell signal can be strengthened by bearish candlestick formations, such as engulfing or rejection patterns near the trendline.
3. Volume Confirmation:
- A rise in volume during the trendline breakdown adds credibility to the sell signal, showing stronger participation from sellers.
4. Stop-Loss Considerations:
- For a sell trade, place a stop-loss above the broken trendline, in case of a false breakdown or a sudden reversal.
#Trading Strategy:
-Entry: Look for short positions after confirming the breakdown with a retest or strong bearish price action below the trendline.
-Take Profit: Target lower support levels or previous swing lows as potential profit zones.
-Stop Loss: Place stop-loss above the broken trendline to limit risk if the price reverses back above the trendline.
This technical analysis highlights a sell bias on #GBPCAD for the daily timeframe, with a strong signal from the trendline breakdown suggesting further downside potential.
GBP/CAD - Potential Buy Reentry H4 TFTechnical analysis based on Basic BBMA strategies( Bollinger Band and Moving Average). This is just a potential market projection where the market price can go. Trade wisely.
GBPCAD SHORTGBPCAD SHORT
ENTRY 1.78718
STOP LOSS 1.7915
TARGETS 1.7822 , 1.77925 AND 1.7753
The market trend is bearish, with lower lows and lower highs on the daily chart, and the market is now approaching resistance.
On the 1-hour chart, a double top has formed, and its breakout occurred at the start of the London session, which is a strong signal to sell. For extra confirmation, a rising wedge pattern has also formed, with its neckline aligning with the double top's neckline. Both have broken out, so we will take the trade on the retest.
SHORT GBPCADDISCLAIMER The below is just my view trade at your own risk
Nothing much just sticking with the trend and simple supply zone
Buy Idea for USDCAD and GBPCADWelcome back,
as it appears now USDCAD and GBPCAD are creating a potential opportunity for a short term buy.
taking a look at our 15minute timeframe we can see that resistance has been breached for GBPCAD.
On USDCAD the strength may resume but only once the larger player can get a decent discount perhaps.
regardless, both currencies have Valid power for the buy and it would be in your best interest to watch.
GBPCAD Tues 08 OctDaily : Bullish Trend, Bearish Reversal identified,
H4 : Divergence found, ChOCH low identified. Price retracing to key level
H1 : ChOCH high identified. Wait for retracement
GBP/CAD Bank Money Heist Plan on Bullish SideHola! My Dear Robbers / Money Makers & Losers, 🤑 💰
This is our master plan to Heist GBP/CAD Bank based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Long entry. Our target is Red Zone that is High risk Dangerous level, market is overbought / Consolidation / Trend Reversal / Trap at the level Bearish Robbers / Traders gain the strength. Be safe and be careful and Be rich.
Entry : Can be taken Anywhere, What I suggest you to Place Buy Limit Orders in 15mins Timeframe Recent / Nearest Swing Low
Stop Loss 🛑 : Recent Swing Low using 30 min timeframe
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Warning : Fundamental Analysis news 📰 🗞️ comes against our robbery plan. our plan will be ruined smash the Stop Loss. Don't Enter the market at the news update.
Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic level / Order block, Once it is cleared we can continue our heist plan to next new target.
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GBPCAD On The Rise! BUY!
My dear subscribers,
This is my opinion on the GBPCAD next move:
The instrument tests an important psychological level 1.7799
Bias - Bullish
Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 1.7899
My Stop Loss - 1.7745
About Used Indicators:
On the subsequent day, trading above the pivot point is thought to indicate ongoing bullish sentiment, while trading below the pivot point indicates bearish sentiment.
———————————
WISH YOU ALL LUCK
GBP/CAD: A Sell Opportunity After a Significant RunIn the past two years, the GBP/CAD pair has experienced a remarkable surge of approximately 3000 pips. This significant price movement has positioned the pair at a crucial level across daily, weekly, and monthly timeframes. Given this context, a potential sell trade presents itself as a viable strategy.
Trade Setup:
Entry: Consider entering a sell trade at the current market price, aiming to capitalize on the potential reversal from the overextended uptrend.
Target: A minimum target of 500 pips is suggested, based on the pair's historical volatility and the potential for a significant retracement.
Stop-Loss: Implement a strict stop-loss order to mitigate risk. The exact placement should be determined based on individual risk tolerance and technical analysis.
Risk Management but you can consider 1.82 level (150 pips)
The GBP/CAD pair's substantial price appreciation over the past two years, coupled with its current position at a significant level, suggests a potential sell opportunity. However, it's essential to conduct thorough technical analysis and consider other market factors before entering any trade. By following proper risk management strategies, you can increase your chances of success in this trading setup.
GBP/CAD BULLS ARE STRONG HERE|LONG
Hello, Friends!
Bearish trend on GBP/CAD, defined by the red colour of the last week candle combined with the fact the pair is overbought based on the BB upper band proximity, makes me expect a bearish rebound from the resistance line above and a retest of the local target below at 1.779.
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GBPCAD BuysOn the monthly time frame, GBP/CAD appears to have tapped liquidity and is showing signs of reversing upwards, indicating a potential bullish trend. A rising trend line, respected since April, has been touched more than three times and is currently reacting positively on both the weekly and daily time frames. The last two daily candles have closed bullish, and today’s candle has already broken yesterday’s high. Additionally, the pair is sitting on a support level on the daily chart, further confirming bullish momentum. Given these factors, I’m confident in taking a buy position, targeting the previous high with a risk-reward ratio of 1:1.5, with potential for a higher high later.
GBPCAD Will Fill Its Intraday GapToday's economic data has created a massive intraday gap in GBPCAD (and other currency pairs).
Such gaps are almost always closed within a reasonable period of time, which is why we are now taking a long position in GBPCAD.
GBPCAD | SELLHi traders, first setup Im looking into for the week.
We can see a market structure shift that has recently happened which also left a FVG.
What Im looking to see here is rejection candles in this area as signals to go to 15min and look for entries
GBPCAD BUY TRADETrend Analysis: The pair is showing signs of a potential bullish reversal. The price has recently bounced off a strong support level and is forming higher lows, indicating a possible uptrend2.
Moving Averages:
MA5: 1.7908 (Buy)
MA10: 1.7912 (Buy)
MA20: 1.7929 (Buy)
MA50: 1.7972 (Buy)
MA100: 1.8005 (Buy)
MA200: 1.7997 (Buy)1
Technical Indicators:
RSI (14): 63.239 (Buy)
MACD (12,26): 0.003 (Buy)
ADX (14): 32.014 (Buy)
Williams %R: -13.123 (Overbought)
CCI (14): 103.4106 (Buy)1
Support and Resistance Levels:
Support: 1.7882, 1.7896, 1.7903
Resistance: 1.7916, 1.7923, 1.79361
Overall, the technical indicators and moving averages suggest a strong buy signal for GBP/CAD on the H4 chart. The bullish trend appears to be gaining momentum, with key resistance levels being tested.
Butterfly Pattern StructureThe Butterfly Pattern is formed as follows:
Point X: The starting point of the movement.
Point A: The first peak or trough that the price reaches.
Point B: The price correction from Point A, usually located around 78.6% of XA.
Point C: The subsequent correction, which should be between 38.2% and 88.6% of AB.
Point D: The final point, typically found within the range of 161.8% to 261.8% of BC.
This structure allows traders to predict potential price reversal points at Point D.
GBPCAD: Trend in daily time framePlease pay special attention to the very accurate trend, colored levels.
Be careful
BEST
MT
GBPCAD: Bullish Trend GBPCAD is moving in uptrend and currently its testing trend line and also formed Bullish Divergence on 1hr time frame, so we can take a long trade on CMP with proper risk management. and as per fundamental CAD is also bearish trend.
GBPCAD SHORTS- Yearly resistance and liquidity area
- Weekly candle did not have a pullback when reaching resistance
- 5th touch of daily trendline
- Psych level 1.80750
- Daily double top
- 4hr quadruple top
