GBP/CAD BEARS ARE GAINING STRENGTH|SHORT
Hello, Friends!
GBP/CAD is trending down which is obvious from the red colour of the previous weekly candle. However, the price has locally surged into the overbought territory. Which can be told from its proximity to the BB upper band. Which presents a classical trend following opportunity for a short trade from the resistance line above towards the demand level of 1.779.
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GBPCAD
GBPCAD is ready For a BuyHello Traders
In This Chart nzdcad 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
GBPCAD Approaching Resistance – Anticipating a PullbackOANDA:GBPCAD is approaching a key resistance zone. The current market structure shows a sharp rally into this zone, suggesting potential for pullback if sellers step in.
I anticipate that if the price confirms rejection within this resistance zone, marked by bearish candlestick patterns or clear wicks, the market may move downward toward the 1.78455 level.
If you agree with this analysis or have additional insights, feel free to share your thoughts in the comments!"
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Bearish reversal off pullback resistance?GBP/CAD is rising towards the pivot which acts as a pullback resistance and could reverse to the pullback support.
Pivot: 1.7827
1st Support: 1.7663
1st Resistance: 1.7985
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Bullish rise?GBP/CAD has reacted off the support level which is an overlap support that is slightly below the 38.2% Fibonacci retracement and could rise from this level to our take profit.
Entry: 1.7650
Why we like it:
There is an overlap support level that is slightly below the 38.2% Fibonacci retracement.
Stop loss: 1.7556
Why we like it:
There is a pullback support level that aligns with the 71% Fibonacci retracement.
Take profit: 1.7821
Why we like it:
There is a pullback resistance level that is slightly above the 61.8% Fibonacci retracement.
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GBPCAD - Bullish Setup at Key Support ZoneThe GBPCAD pair is currently approaching a significant demand zone that has historically acted as a strong support level, leading to bullish reversals. The recent downward momentum brings the pair into this area, where buyers might regain control.
A bullish confirmation, such as a strong rejection pattern, bullish engulfing candles, or long lower wicks, would indicate a potential upward move. If buyers step in, the price may head toward the 1.77424 level.
This setup suggests a possible short-term rebound in line with the broader market structure.
Overlap resistance ahead?GBP/CAD is rising towards the pivot which acts as an overlap resistance and could drop to the 1st support that is a pullback support.
Pivot: 1.7824
1st Support: 1.7659
1st Resistance: 1.7979
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
GbpCad Short biasFirst trade set-up of the week. I'm looking to short from 1.76637. that's my poi. Till we clear previous week low which is Monday low 1.74561
That zone is interesting cause it is within an old week imbalance. Hence price would always be moved by Imbalance and Liquidity.
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GBP/CAD SELLERS WILL DOMINATE THE MARKET|SHORT
Hello, Friends!
GBP/CAD is making a bullish rebound on the 3H TF and is nearing the resistance line above while we are generally bearish biased on the pair due to our previous 1W candle analysis, thus making a trend-following short a good option for us with the target being the 1.746 level.
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GBPCAD is ready For a BuyHello Traders
In This Chart nzdcad 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
GBPCAD Scenario 1.1.2025According to the data we have available, it is possible that the market could move slightly up to the price level of 1.81500, since the market is forming as a range, it is quite likely to expect an SFP below the low and a subsequent move up to the aforementioned level. If it does not hold support at the level of 1.81600, it is possible that the market will move up even higher.
GBPCAD Under Pressure: Targeting Key Lows with Pullback Entry!GBPCAD is clearly facing downward pressure. On the daily timeframe, we can see the trend breaking previous lows. My target is the prior low levels, with entry anticipated on a pullback in the lower timeframe. This is not financial advice.
GBPCAD - Idea for a sell !!Hello traders!
‼️ This is my perspective on GBPCAD.
Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective, so I look for a short. My point of interest is imbalance filled and rejection from bearish OB + level 1.77000.
Fundamental news: This week on Wednesday (GMT+2) we will see results of yearly CPI on GBP, news with high impact on currency.
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GBPCAD - possible sells?Here is our view on GBPCAD . Potential short opportunities.
We believe that GBPCAD could continue to the downside . We have two possible entries . One could be at the pullback at 1.78061 . The second entry could be at the break of previous lows sitting at 1.76267 . We are aiming for the target and deeper lows sitting at 1.74818 . We can expect the higher pullback to be visited if 1.77443 is broken.
PARAMETERS ; for the pullback trade
- Entry: 1.78061
- SL: 1.78773
- TP: 1.74818
PARAMETERS ; for the break trade
- Entry: 1.76267
- SL: 1.76971
- TP 1.74818
KEY NOTES
- GBPCAD remains bearish.
- Break above 1.77443 would confirm a pullback to our first entry sitting at 1.78061.
- Break below previous lows (1.76267) would result in deeper pullbacks.
Happy trading!
FxPocket
GBP-CAD Bearish Breakout! Sell!
Hello,Traders!
GBP-CAD is trading in a
Downtrend and the pair
Broke a key horizontal
Level of 1.7666 and the
Breakout is confirmed
Which reinforces our
Bearish bias and makes
Us expecting a further
Bearish continuation
Sell!
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GBPCAD Continuation SellOn the monthly, price has yet to reach the D extension. We had a shallow retracement on the monthly fib with a stall out at the 1.18 1.27 extension. We had weekly and daily rejection at 1.82XXX.
Long term picture, I see the potential for a sell down to 1.580XX. Shorter term (4HR), I see two possibilities, price could begin to retrace from current 4HR level 1.759XX or push down to the second Weekly level at 1.749XX and retrace back up to the 38.2 1.776X where we have 4HR resistance. The retracement up could be tradeable.
For this leg of price, I see the potential for a sell to 1.739X with further downside potential to 1.716XX. At 1.7166X I think it will be time to re-evaluate once we see how price reacts at this level.
GBPCAD - Potential downside move !!Hello traders!
‼️ This is my perspective on GBPCAD.
Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective, so I look for a short. I expect bearish price action as we can see a rejection from resistance zone + institutional big figure 1.80000 after price filled the imbalance.
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