gbpcad GBPCAD currently on the 12-months' time frame price has swept previous 12months candle high now heading for the low
GBPCAD trade ideas
GBPCAD BEARISH MOMENTUM CONTINUATIONThe pair GBPCAD seems to continue its Bearish momentum considering the fact that price has bounced low from the neckline and bearish divergence is also seen on the charts. Where as the fundamental of the GBP and Seasonality also suggests a downward move from here.
The trade setup is for the sell trade at CMP with risk reward ratio of 1:1.
what are your views about this trade ?
GBPCAD IdeaGBPCAD has reversed after reaching a resistance zone and forming a bearish head and shoulders pattern, potentially driving the price further downward towards the targets indicated on the chart.
Please note that this is merely a trading idea and not a signal. It could either succeed or fail, so I encourage you to conduct your own research and analysis before making any trading decisions.
SHORT TRADE ON GBPCADprice broke a significant low which means there's a probability of the market making a lower high and from there we can look for shorts.
disclaimer: this is not a trading advice, just my own perspective.
GBPCAD Will Move Lower! Short!
Here is our detailed technical review for GBPCAD.
Time Frame: 6h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is testing a major horizontal structure 1.708.
Taking into consideration the structure & trend analysis, I believe that the market will reach 1.699 level soon.
P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.
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GBPCAD in the first half of 2024A glimpse of the GBPCAD in the first half of 2024
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GBPCADbe patient to waiting the confirmation
in my idea / analysis base on basic technical,
i do prefer SHORT in (2 area)
in timeframe H4 , confirm downtrend
the area i mark is " IMB "
so,
lets see guys.
DISCLAIMER
this is not a signal / recommendation
BE SMART
save and love your money
DYOR !
GBPCADGBPCAD is in bearish trend with no RSI divergence at bottom , testing 0.618 fib retracement sell on CMP with risk define previous highs
GBPCAD SELLPossible Setup. Higher TF is bearish based on price action. Market reacting to fib area + 4HR reversal pattern.
Let's see if the sellers are in for the downside
GBPCADit's Touching its 1h Trend line and in bullish momentum will continue to make higher high higher lows
GBPCAD: Bearish Wave Confirmed?! 🇬🇧🇨🇦
GBPCAD is trading in a long-term bearish trend.
After the last bearish wave, we see a correctional movement on a daily.
The price reached a key horizontal resistance cluster.
After the test of the underlined blue area,
the pair started to consolidate on a 4H time frame
and then it broke a support line of a rising wedge pattern.
It may indicate that the market returns to a global bearish trend.
I anticipate a bearish movement at least to 1.7028
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GBP/CAD 4hr Study: Optimal Time for Bearish Trade"GBP/CAD appears to be retracing from the 1.7030 level, and the trend seems to be entirely downward, suggesting further declines. Now is the perfect time to enter a sell position at 1.70688, targeting 1.69464, with a stop loss set above 1.71530.
GBPCAD
In the 4-hour timeframe, GBPCAD exhibits a bullish trend. To maximize entry precision, consider waiting for a retracement of around 50% to a key order block level before buying. This strategy can enhance the probability of capturing favorable price movements within the overall upward trajectory.
GBPCAD POSSIBLE BEARISH SETUP SPOTTEDBelow are the confluence factors spotted for a potential bearish swing movement.
1. VOLUME: Strong bearish breakout of the rising trendline on the 19th April 2024.
2. DOUBLE TOP: A retest of previously broken Double top neckline.
3. CANDLESTICK: The formation of bearish pin-bar on Thursday 25th, April 2024.
4. TRENDLINE: Sharp bearish rejection at the retest of broken rising trendline
5. FIBONACCI: Price respected the 68.1% Fibonacci retracement level on the 25th of April 2024
6. MARKET STRUCTURE: Lower-high and Lower-Low spotted which proves downtrend.
GBPCAD SHORT STRUCTURE BEARISH ON HTF
WEEKLY AND DAILY AT SAME AOI
PREVIOUS WEEKLY STRUCTURE POINT
WEEKLY REJECTION AT AOI
DAILY REJECTION AT AOI
DAILY EMA RETEST
AROUND PSYCHOLOGICAL LEVEL
H4 EMA RETEST
PREVIOUS STRUCTURE POINT
H4 REJECTION CANDLES
REMEMBER: Trading is a Game Of Probability
: Manage Your Risk
: Be Patient
: Every Moment Is Unique
: Rinse, Wash, Repeat!
: Stay Hydrated
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gbpcad longwelcome
here is my gbpcad long idea
its based on
higher TF bearish , lower TF bullish
price trading between 50% fib level of monthly- and 50% fib level weekly candle
seems like momentum is shifting to the bullside
lets see if we can ride a bullish sequence
GBPCAD / BullishGBPCAD chart is printing HH and HL, hence showing a bullish trend
EP: 1.71313
SL: 1.70659
TP1: 1.71960
TP2: 1.72610
GBPCAD - BUYGBPCAD is in a bullish trend according to DOW Theory making higher highs and higher lows. The trend is also respecting the trendline which furthur validate the uptrend. There is no divergence on RSI as of yet to conclude a trend reversal. Additionally, the next resistance level is around TP1 so we can see a move towards TP1 if it breaks the previous High. After TP1 is hit, move the SL of the second trade to Breakeven so the overall trade is in profit if the trend reverses.
GBPCAD LONG IDEAGood Day everyone, here is an idea for a Long opportunity! Price has reach EMA and we will expect the price will continue going up.
Long now for a good 1 to 2 RR.
April 0
JAN (6R)
FEB (1R)
March (-7)
Could GBP/CAD reverse from here?Price is rising towards a resistance level which has been identified as a pullback resistance that aligns with the 61.8% Fibonacci retracement and could reverse from this level to our take profit.
Entry: 1.71052
Why we like it:
There is a pullback resistance level which aligns with the 61.8% Fibonacci retracement.
Stop loss: 1.71720
Why we like it:
There is a pullback resistance level
Take profit: 1.70212
Why we like it:
There is a pullback support level
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GBPCAD - Bearish market structure ✅Hello traders!
‼️ This is my perspective on GBPCAD.
Technical analysis: Here we are in a bearish market structure from daily timeframe perspective, so I look for a short. I expect price to continue the retracement to fulfill the imbalance higher and then to reject from trendline + institutional big figure 1.71000.
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GBPCAD Will Go Down! Sell!
Please, check our technical outlook for GBPCAD.
Time Frame: 1h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a significant resistance area 1.701.
Due to the fact that we see a positive bearish reaction from the underlined area, I strongly believe that sellers will manage to push the price all the way down to 1.696 level.
P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.
Like and subscribe and comment my ideas if you enjoy them!
