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GBPCAD trade ideas

GBP/CAD SENDS CLEAR BEARISH SIGNALS|SHORT Hello, Friends! It makes sense for us to go short on GBP/CAD right now from the resistance line above with the target of 1.836 because of the confluence of the two strong factors which are the general downtrend on the previous 1W candle and the overbought situation on the lower TF determined by it’s proximity to the upper BB band. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. ✅LIKE AND COMMENT MY IDEAS✅
Short
by EliteTradingSignals
1
"Pound vs Loonie Forex Heist: Snag GBP/CAD Profits with Thief"🌍 Hello, Global Money Heisters! Ciao, Hola, Salaam, Bonjour! 🌟 Dear Profit Pirates & Cash Chasers, 🤑💸✨ Here’s the slick plan to raid the GBP/CAD "Pound vs Loonie" Forex Vault with 🔥Thief Trading Style🔥, blending sharp technicals and juicy fundamentals. Follow the chart’s long entry strategy to hit the high-risk RED Zone. It’s a wild spot—overbought, consolidating, with bears lurking for a trap. Let’s nab those profits and treat ourselves! 🎉💰 --- GBP/CAD Real-Time Data (May 15, 2025, UTC+1) 📈 - Current Rate: ~1.8540 CAD per GBP, down -0.04% today but holding strong. 📊 - Retail Sentiment: ~65% bullish, eyeing a GBP climb. 😎 - Institutional Sentiment: ~55% bullish, cautiously optimistic. 💼 --- Heist Plan Highlights 🏴‍☠️ - Entry 📌: Wait for GBP/CAD to smash past 1.8650 (previous high) for a bullish breakout. Set Buy Stop above the Moving Average or Buy Limit at recent 15/30-min swing lows for pullbacks. Set an alert to catch the move! 🚨 - Stop Loss 🛑: Place SL at 1.8400 (4H swing low) for day trades. Adjust based on your risk, lot size, or multiple orders. If using Buy Stop, set SL post-breakout to avoid whipsaws. 🔥 - Target 🎯: Aim for 1.8950 or bail early if the RED Zone feels too hot. 🏃‍♂️ - Scalpers 👀: Stick to long scalps with trailing SL to lock in gains. Swing traders, join the heist with bigger moves! 💸 --- Why GBP/CAD is Hot 🔥 - Bullish Momentum: Technicals show GBP strength, backed by retail (65%) and institutional (55%) optimism. 📈 - Fundamentals: Check COT reports, macro news, and intermarket analysis for the full picture. Stay sharp with sentiment and future trends! 📰🌎 - News Alert 🚨: Avoid new trades during big news drops. Use trailing SL to protect running positions. 🛡️ --- Boost the Heist! 💪 Hit that Boost Button to supercharge our Thief Trading squad! 🚀 Let’s make stealing pips a breeze. Stay tuned for the next epic heist plan, Money Makers! 🤑🐱‍👤🎉 Happy Trading, and let’s loot the market together! 🤝❤️
Long
by Thief_Trader
GBPCAD BULLISH OR BEARISH DETAILED ANALYSISGBPCAD is currently trading around the 1.85700 level, consolidating inside a well-defined bullish pennant on the 2-day chart. This pattern formation follows a strong impulsive rally from the 1.71000 region earlier this year, signaling that the pair is in a re-accumulation phase before its next leg higher. Price action is coiling tightly within converging trendlines, and recent volume spikes suggest increasing interest and momentum from the bulls, pointing toward a potential breakout to the upside. On the fundamental front, the British pound is benefiting from rising wage inflation and a still-hawkish Bank of England tone, which keeps rate cut expectations muted compared to other G10 currencies. Meanwhile, the Canadian dollar remains under pressure due to softening oil prices and weaker-than-expected domestic data. The BoC has also signaled it may start easing in the coming months if inflation continues to slow, making CAD less attractive relative to GBP. Technically, a breakout above the pennant resistance around 1.8600–1.8650 with strong bullish volume would confirm the continuation of the prior uptrend. The projected target from this pattern sits near the 1.95700 area, aligning with previous major resistance and psychological round numbers. Momentum indicators are building to the upside, and price remains above all key moving averages on the higher timeframes, reinforcing the bullish outlook. With volume confirming accumulation, a breakout from this bullish pennant could accelerate quickly as trend-following strategies kick in. GBPCAD is well-positioned to capture the upside, and the current structure offers an excellent risk-to-reward opportunity in favor of bulls. In the context of macro divergence between GBP strength and CAD softness, the 1.95700 target looks highly achievable in the coming weeks.
Long
by AndrewsMarket-Mastery
3
Sell Setup Based on Volume Profile + FVG Confluence🔍 Technical Breakdown: 🟦 D-Shaped Volume Profile Identified A clear D-shaped profile formed during the previous consolidation phase. High volume node centered around 1.84650, indicating a fair value area where price found balance. This suggests the market was in acceptance mode, with no strong directional intent — perfect context to look for reversion or breakout-based setups. 🔴 Strong Rejection at Previous High Price retested the previous swing high (near 1.84900–1.85000) and showed clear rejection wicks with low follow-through. This implies that buy-side liquidity was swept, triggering possible sell-side pressure from institutional players. 🟫 Fair Value Gap (FVG) Above High A visible FVG formed after the price swept the high, showing displacement without efficient trading. This inefficiency indicates a low-probability zone for continuation and reinforces a sell narrative as the market may seek to rebalance back toward the previous value area. 🔻 Low Volume Cluster Above High The volume profile shows a notable low-volume area just above the rejected high. This means lack of market interest and a lower likelihood of sustaining bullish movement above that level. Price typically reverses when entering such thin-volume areas — unless there’s a strong fundamental driver (not present here). 📉 Sell Bias Justified This confluence of: Rejection at previous high Presence of FVG Thin volume above key levels Break away from D-shaped balance ...makes this a high-probability sell setup with a target toward the POC of the D-profile or prior demand levels (e.g., 1.84400 or 1.84200). 🔁 Trade Plan (Example) Entry: 1.84875–1.84950 (retest area) Stop Loss: Above 1.85000 (above wick high) Target 1: 1.84650 (POC) Target 2: 1.84400 or deeper liquidity sweep 📌 Summary This setup reflects a classic liquidity sweep + volume rejection confluence. Ideal for traders who align market structure, volume behavior, and inefficiency zones to increase probability.
Short
by PIPSPHERE_NETWORK
GBPCAD SELL TRADE PLAN📉 GBPCAD SELL TRADE PLAN 📅 Date: May 06, 2025 🎯 Type: Intra-Day to Short-Term Swing 📊 Confidence Level: ⭐⭐⭐⭐ (78%) 🔁 Structure Type: Reversal from H4 Supply + Liquidity Sweep 📌 Risk:Reward: 3.2:1 🔍 Market Context Bias: Bearish Primary Structure: D1 & H4 bearish sequence maintained Trigger Zone: Price tapped into H4 supply zone (liquidity sweep + inefficiency) Internal BOS: Present on H1 Volume: Clustered spike near zone, high rejection tail Macro Sentiment: CAD supported by crude oil strength; GBP softening across board Retail Positioning: GBP bullish bias, ideal for fade 🔰 SELL ENTRY ZONE Primary Sell Zone: 1.8435 – 1.8460 (H4 OB + Equal High Liquidity) Stop Loss: 1.8498 (Above inefficiency sweep + 1H ATR buffer) Entry Method: Scale-in (50% @ mid-zone, 50% @ top of zone) 🎯 TAKE PROFIT TARGETS TP1: 1.8350 → Internal liquidity grab (70+ pips) TP2: 1.8265 → Clean inefficiency + structural support TP3: 1.8180 → D1 demand + macro swing low 📏 RISK:REWARD PROFILE TP1: ~1.3:1 TP2: ~2.5:1 TP3: ~3.2:1 🧠 TRADE MANAGEMENT Initial Risk: 0.50% of portfolio SL to BE: After TP1 hit Partial Close: 60% @ TP1, 25% @ TP2, 15% trail into TP3 Exit Criteria: 1H bullish BOS + volume + RSI divergence News Filter: Exit before CAD high-impact news ⏱ VALIDITY Trade Plan Type: Intra-Day to 2-Day Swing Valid For: 24–36 hrs from first tap Expires: May 08, 2025 (NY session open) ❌ INVALIDATION H1 Close Above: 1.8500 Macro Catalyst Flip: Sudden BoC dovish bias or GBP hawkish surprise Volume Divergence: If price rises on declining volume past zone 🌐 SENTIMENT SNAPSHOT COT: CAD steady, GBP long exposure vulnerable Retail Traders: 68% long GBPCAD Cross-Confirmations: GBPAUD + GBPNZD show top structures Oil Market: Bullish (CAD-correlated) Sentiment Score: +6.5/10 ✅ TRADE SUMMARY GBPCAD presents a precise sell opportunity from H4 supply zone after sweeping local highs. The setup aligns with bearish D1 structure and macro CAD strength. Volume profile, liquidity engineering, and BOS validate this reversal. Clean downside targets offer ideal RR if managed per plan. Stay vigilant for NY session volatility or CAD data triggers. Strict invalidation guards the trade with asymmetric reward.
Short
by jibkhan111
7
GBP-CAD Local Correction Ahead! Sell! Hello,Traders! GBP-CAD keeps growing And the pair is locally overbought So despite our local bullish bias We will be expecting a pullback And a move down after the Pair hits the horizontal resistance Around the 1.8600 area Sell! Comment and subscribe to help us grow! Check out other forecasts below too! Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Short
by TopTradingSignals
1
GBPCAD continue deeper the retracementWeekly we are having the retracement from bull run, but I see potential on sells because of multiple rejection from AOI W formed, and beautiful Head&shoulders pattern formed on Daily timeframe. I excpect the wick of Weekly in this zone and with engulfing confirmation we can enter to sell to continue the push deeper to HL Weekly DISCLAIMER! The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by me
Short
by disciplined_pips