GBPCAD trade ideas
VWAP Setup on GBP/CAD with London SweepGBP/CAD has shown a strong reaction at VWAP support, with aggressive momentum and precise institutional buy-ins. Price has also swept a key London session low, which could act as a liquidity grab before a potential move higher.
Key Points:
VWAP Holding as Support – Price bounced off the two-day anchored VWAP with strong momentum.
London Low Sweep – A clear liquidity grab below a key session low before reversing.
Major Levels in Play – Some key levels have been broken, adding to the setup’s validity.
Fundamentals:
Neutral Bias – No strong fundamental drivers pushing GBP/CAD in either direction. This setup is mainly technical.
A clean VWAP setup with strong price action—worth keeping an eye on.
Buying opportunity on GBPCAD!From a technical perspective, the pair shows a bullish outlook, suggesting a continuation of the upward trend. A potential buying opportunity has been identified at the 1.85500 level, with price targets set at 1.86268 and 1.87109.
GBPCAD: Overbought Market, & Correctional MovementI believe the 📉GBPCAD pair is showing signs of being overbought.
On the 4-hour chart, there is a descending triangle pattern with the neckline being broken and a 4H candle closing below it.
This could indicate a correctional movement coming soon.
Targets for this correctional movement are at 1.8506 and 1.8446.
GBPCAD - Bear ??hi everyone...
i just share a chartpattern here.
its work or not, lets us see
disclaimer
this is not a signal
gbpcad sell tradeThe Relative Strength Index (RSI) is showing a downward trend, indicating weakening momentum. Additionally, the Moving Average Convergence Divergence (MACD) is showing a bearish crossover, further supporting the potential for a downward move
GBPCAD sells possibly. Looking to sell GBPCAD around 1.858 area. Looks like a solid reversal pattern/double divergence
GBPCAD Price ActionHello Traders,
As you can see, I've marked the Demand Zone, based on the 2-hour timeframe. Additionally, I've highlighted Liquidity Levels, clearly distinguishing between those already swept and the valid ones remaining.
On the 15M timeframe, you'll notice I've marked the Breakout Block, also identified as the Supply Zone. If the price breaks this Supply Zone, you should set a pending order. There are two effective ways to enter this market: either through an FVG (Fair Value Gap) or a Breaker Block entry.
Your trade can be held for up to one day, with the stop-loss positioned at the recent swing low. Remember, it's crucial to manage your risk responsibly and avoid greed. This structure repeats itself consistently.
Wishing you the best and happy trading!
Thank you.
GBPCAD BUY PROJECTION As we could see price broke out of a strong supply zone, now becoming a demand zone...some call it flip zone. So price takes out liquidity and then hit our orderblock before going long
Mon 17th Mar 2025 GBP/CAD Daily Forex Chart Sell SetupGood morning fellow traders. On my Daily Forex charts using the High Probability & Divergence trading methods from my books, I have identified a new trade setup this morning. As usual, you can read my notes on the chart for my thoughts on this setup. The trade being a GBP/CAD Sell. Enjoy the day all. Cheers. Jim
GBPCAD TRADE SETUPWait for retest the entry level then take a trade for Sell otherwise skip this setup
GBPCAD SELL SETUPPrice is giving rejection from this major supply level including a bearish engulfing on the daily. I am looking for a pull back early in week to potentially catch the next bearish wave!
GBPCAD is ready For a BuyHello Traders
In This Chart GBPCAD 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 WILL FALL|SHORT|
✅GBP_CAD broke the rising
Support line after trading in an
Uptrend for a long time so
We will be awaiting a long
Overdue correction and a
Move down on Monday
Towards the target of 1.8500
SHORT🔥
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G/CAD Swing BuyMultiple time frame correlation in addition to multiple time frame +CoG confluence and a very obvious uptrend. Price appears to be in the corrective phase, pulling back into HTF Demand where we will be looking for entries.
GBP/CAD – Potential Reversal GBP/CAD is showing signs of exhaustion after a strong rally. Price has hit resistance around 1.87, and rejection at this level aligns with my short setup.
🔹 Reasons for the Short:
✔️ Price struggling to break above key resistance.
✔️ Overbought conditions on the Stochastic Momentum Index (SMI).
✔️ Volume declining, signaling potential weakness in bullish momentum.
🎯 Target: 1.8146
🛑 Stop Loss: 1.8796
If price fails to hold this level, we could see a deeper pullback. Watching closely for further confirmation!
What’s your take on GBP/CAD? 🔥👇
#GBPCAD #ShortTrade #Forex #TechnicalAnalysis #Trading
GBP-USD Bearish Breakout! Sell Limit!
Hello,Traders!
GBP-USD was trading in an
Uptrend and the pair was locally
Overbought so as we are seeing
A bearish breakout we are
Locally bearish biased
And we can set a Sell Limit
Order at 1.8649 with the
Target being 1.8465
And the Stop Loss at 1.8773
Slightly above the local high
Sell!
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GBPCAD change its TRENDReady for next move of GBPCAD
Divergence in RSI checked
Sentiments are 90+ Bullish
Wait for break of HL
GBPCAD Will Move Lower! Sell!
Please, check our technical outlook for GBPCAD.
Time Frame: 1D
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a key horizontal level 1.865.
Considering the today's price action, probabilities will be high to see a movement to 1.822.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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GBPCAD-SELL strategy 6 hourly chart Line Break (2)The pair remains very overbought, and considering most indicators, the pair has the potential to move back towards 1.8300 short-term.
Strategy SELL or ADD @ 1.8660-1.8700 and take profit near 1.8367 for now.
Bearish biasPound Cad, may correct after having in a bull-run, since the beginning of the year until now. If price action remains under 1.88000, the pair may correct towards the halfway mark or even lower in preparation for another bull run.
Conversely, if the price manages to move above the 1.88000 region, continued growth would be expected.
GBPCAD INTRADAY sideways consolidation supported at 1.8516The GBP/CAD currency pair price action sentiment remains bullish, supported by the prevailing long-term uptrend. Recent intraday movements indicate sideways consolidation near the previous resistance level, which has now become a new support zone.
Key Levels and Price Action
The critical trading level to watch is 1.8516, representing the previous consolidation price range. A corrective pullback to this level, followed by a bullish rebound, could signal continued upward momentum. In this scenario, the pair may aim for upside resistance levels at 1.8720, 1.8780, and 1.8900 over the longer timeframe.
Conversely, if the 1.8516 support level fails to hold and a confirmed daily close occurs below this level, the bullish outlook would be invalidated. This could lead to a deeper retracement, targeting the 1.8417 support level, followed by 1.8350 and 1.8285.
Conclusion
The sentiment remains bullish as long as the 1.8516 support level holds, with potential upside targets at 1.8720, 1.8780, and 1.8900. A confirmed breakdown below 1.8516 would shift the outlook to bearish, signaling a move towards 1.8417, 1.8350, and 1.8285. Traders should carefully monitor daily closing levels to assess potential sentiment shifts and trading opportunities.
This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
Trade Recap: GBP/CAD Long PositionTrade Recap: GBP/CAD Long Position
Trade Details:
Entry: January 15, 2025, at 1.75042
Stop Loss: 1.73868
Take Profit: 1.8251
Pips Gained: Approximately 1008 pips
Technical Analysis:
Trend: Upward momentum observed
Oscillators: Oversold conditions indicated a potential reversal
Fundamental Analysis:
GBP: Positive outlook due to higher government and consumer spending expected to aid the UK's economic recovery in 2025
FT.COM
CAD: Bearish sentiment as the Bank of Canada cut interest rates by 50 basis points to 3.25% on December 11, 2024, despite adopting a more hawkish stance
REUTERS
Outcome:
Result: Trade reached the take profit target, securing a gain of approximately 1008 pips
Note: Trading involves significant risk. Past performance does not guarantee future results.
