GBPCAD trade ideas
GBPCAD Bearish OutlookHere is my Analysis for the GBPCAD Outlook for the coming weeks.
Price is approaching correctively to the Lower time frame 0.618-0.500 level or Golden ratio, expecting the price would react on that Sell Zone as illustrates in the chart.
Expecting price to drop from the Sell Zone area towards the Higher time frame 0.618-0.500 level or Golden ratio or Buy Zone where we would be expecting a potential Long-term Bullish Outlook.
GBPCAD - Weekly Forecast,Technical Analysis & Trading IdeasTechnical analysis is on the chart!
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OANDA:GBPCAD
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Bearish drop?GBP/CAD is reacting off the resistance level which is a pullback resistance that lines up with the 50% Fibonacci retracement and could drop from this level to our take profit.
Entry: 1.8582
Why we like it:
There is a pullback resistance level that lines up with the 50% Fibonacci retracement.
Stop loss: 1.8736
Why we like it:
There is a pullback resistance level.
Take profit: 1.8397
Why we like it:
There is a pullback support level.
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GBP/CAD NEXT MOVESell after bearish candle stick pattern, buy after bullish candle stick pattern....
Best bullish pattern , engulfing candle or green hammer
Best bearish pattern , engulfing candle or red shooting star
NOTE: IF YOU CAN'T SEE ANY OF TOP PATTERN IN THE ZONE DO NOT ENTER
Stop lost before pattern
R/R %1/%3
Trade in 5 Min Timeframe, use signals for scalping
GBPCAD INTRADAY oversold bounce back supported at 1.8400The GBP/CAD currency pair maintains a bullish sentiment, supported by the prevailing uptrend. Recent intraday price action shows a corrective pullback toward the previous consolidation zone and the support trendline area.
Bullish Scenario:
The key trading level to monitor is 1.8400, which represents the previous consolidation range. A successful bullish bounce from this level could trigger an upside move toward the 1.8640 resistance. Sustained bullish momentum could then target the next resistance levels at 1.8730 and 1.8800 over the longer timeframe.
Bearish Scenario:
Conversely, a decisive break below 1.8400, with a daily close below this level, would invalidate the bullish outlook. This could open the way for a deeper retracement toward 1.8310, with further downside potential targeting 1.8200.
Conclusion:
The overall sentiment remains bullish as long as 1.8400 holds as support. Traders should look for bullish confirmation at this level to sustain upward momentum. A break below 1.8400 would indicate a potential trend reversal, signaling further downside risk.
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FXAN & Heikin Ashi Trade IdeaOANDA:GBPCAD
In this video, I’ll be sharing my analysis of GBPCAD, using FXAN's proprietary algo indicators with my unique Heikin Ashi strategy. I’ll walk you through the reasoning behind my trade setup and highlight key areas where I’m anticipating potential opportunities.
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Lingrid | GBPCAD anticipating REBOUND from KEY Resistance ZoneFX:GBPCAD market bounced off the support level and is moving toward the key level of 1.8500. Overall, the price is creating lower lows and lower closes on the 1H timeframe showing bearish trend. I think that if the price forms a false breakout above the previous day's high and the psychological level at 1.8500, there is a good chance the market will continue lower. Additionally, the channel border and upward trendline create a solid confluence zone for shorting the market if a signal presents itself. I expect the price to keep pushing lower unless it breaks above the channel. My goal is to support zone around 1.83810
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GBPCAD-SELL strategy 9 hourly chart Heikin AshiThe pair has failed the higher levels, and judging the overall pattern, we are witnessing a rounding formation, and this usually translates into weaker levels. The fisher form is negative and MACD has been weak for some time. I feel we should move lower in coming sessions.
Strategy SELL @ 1.8550-1.8585 and take profit near 1.8267 for now.
Bullish bounce off pullback support?GBP/CAD is reacting off the pivot and could potentially rise to the 61.8% Fibonacci resistance.
Pivot: 1.8373
1st Support: 1.8223
1st Resistance: 1.8532
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Bullish bounce off pullback support?GBP/CAD has bounce of the support level which is a pullback support that lines up with the 38.2% Fibonacci retracement and could rise from this level to our take profit.
Entry: 1.8357
Why we like it:
There is a pullback support level that aligns with the 38.2% Fibonacci retracement.
Stop loss: 1.8234
Why we like it:
There is a pullback support level that lines up with the 50% Fibonacci retracement.
Take profit: 1.8512
Why we like it:
There is an overlap resistance level that lines up with the 38.2% Fibonacci retracement.
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Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
GBPCAD Wave Analysis – 26 March 2025
- GBPCAD reversed from resistance zone
- Likely to fall to support level 1.8230
GBPCAD recently reversed down from the resistance zone between the resistance level 1.8625 resistance trendline of the weekly up channel from 2023 and the upper weekly Bollinger Band.
The downward reversal from this resistance zone created the weekly Shooting Star candlesticks reversal pattern – which started the active wave iv.
Given the strongly bearish sterling sentiment and the overbought weekly Stochastic, GBPCAD can be expected to fall to the next support level 1.8230.
GBPCAD Bearish BiasFundamentals:
Valuation:
British Pound is heavily overvalued VS CAD
on 13d - 30d
We can see that on 10d it moved from
Overvalued the day it mitigated the supply
zone marked. 11/03/2025
Seasonality:
Showed that the Top was last week - CHECK
Shows a potential downtrend until Mid May
(On 15y seasonality)
We know that GBPUSD is in supply on weekly TF too
Therefore, we can expect a bearish move on GBPCAD
GBPCAD SELL?RSI on daily time frame is showing overbought which could be a sign of exhaustion.
The market is currently testing the current Weekly Area and based on Daily & 4HR TF, the market seems to be forming a possible reversal pattern which could lead to a possible reversal.
We could see SELLERS coming in strong should the current level hold.
Disclaimer:
Please be advised that the information presented on TradingView is solely intended for educational and informational purposes only.The analysis provided is based on my own view of the market. Please be reminded that you are solely responsible for the trading decisions on your account.
High-Risk Warning
Trading in foreign exchange on margin entails high risk and is not suitable for all investors. Past performance does not guarantee future results. In this case, the high degree of leverage can act both against you and in your favor