GBPCADSELL on the theory markets ranges 70% of the time, and SELL on the theory markets retraces HALF of the previous leg 90% of the time. Entry on 30m TF is recommended.
GBPCAD
GBPCAD My Opinion! SELL!
My dear friends,
Please, find my technical outlook for GBPCAD below:
The instrument tests an important psychological level 1.7453
Bias - Bearish
Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 1.7409
About Used Indicators:
Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price.
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WISH YOU ALL LUCK
GBP/CAD Gave Amazing Bearish P.A , Perfect Area To Sell It !This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
GBP/CAD Accumulation Area Suggests Imminent Bearish ShiftThe GBP/CAD pair recently reached a market high on September 23, 2023. Presently, the price is situated in an accumulation area, suggesting the potential for a bearish reversal. Technical analysis indicates that the pair may retrace to the 1.7300 level and potentially beyond.
Given the current market conditions, we have identified signs that support a possible downward movement. The accumulation area, characterized by price consolidation, often precedes a significant price movement. In this case, the consolidation at the top suggests that the market is preparing for a reversal.
From a technical perspective, various indicators, including momentum oscillators and trend analysis, support the hypothesis of a bearish reversal. Specifically, divergence observed in higher timeframes points to weakening bullish momentum, increasing the likelihood of a downward correction.
Considering these factors, we are looking for a short setup in this region. Traders should monitor key support and resistance levels and be prepared for potential market shifts that align with this bearish outlook. Our target for the reversal is initially set at the 1.7300 level, with the possibility of further declines if the bearish trend gains strength.
In conclusion, the GBP/CAD pair's recent high and current accumulation phase present a compelling case for a bearish reversal. By carefully observing market signals and technical indicators, traders can position themselves to capitalize on this anticipated market movement.
GBPCAD Will Go Up! Long!
Here is our detailed technical review for GBPCAD.
Time Frame: 9h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is on a crucial zone of demand 1.736.
The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 1.744 level.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
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Forex ICT short setup GBPCAD👋Hello Traders,
Our 🖥️ AI system detected that there is an H4 or higher timeframe ICT Short setup in GBPCAD for Swing trade.
Please refer to the details Stop loss, FVG(Sell Zone),open for take profit.
For more ideas, you are welcome to visit our profile in tradingview.
Have a good day!
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GBP-CAD Will Go UP! Buy!
Hello,Traders!
GBP-CAD is trading
In an uptrend and the pair
Is now going down in a
Bearish correction towards
The horizontal support of 1.7320
But we are bullish biased
So after the retest a
Bullish rebound is
To be expected
Buy!
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GBP_CAD LONG FROM SUPPORT|LONG!
✅GBP_CAD is going down to retest a horizontal support of 1.733
Which makes me locally bullish biased
And I think that we will see a rebound
And a move up from the level
Towards the target above at 1.745
LONG🚀
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GBPCAD 1H Short Trade - 1:6 RRRPair: GBPCAD
Action: Sell
RRR: 1:6
SL: 1.74396
TP: 1.72179
Indicators:
EMA200: The EMA200 serves as a critical indicator of the long-term trend direction.
MACD Trend: The MACD indicator helps traders assess the strength and direction of the trend.
Supertrend: The Supertrend indicator acts as a reliable tool for identifying entry points in alignment with the prevailing trend.
Sell GBPCAD Bearish ChannelThe GBP/CAD pair on the M30 timeframe presents a potential selling opportunity due to a well-defined channel pattern. This suggests a shift in momentum towards the downside in the coming Hours.
Key Poin ts:
Sell Entry: Consider entering a short position around the current price of 1.7405, positioned close to the top of Channel. This offers an entry point near the perceived shift in momentum.
Target Levels:
1st Support – 1.7373
2nd Support – 1.7352
Stop-Loss: To manage risk, place a stop-loss order above 1.7425 This helps limit potential losses if the price unexpectedly reverses and breaks back upwards.
Thank you.
GBP/CAD has a strong bullish momentum, could it rise further?Price is falling towards a support level which is a pullback support that aligns with the 38.2% Fibonacci retracement and could bounce from this level to our take profit.
Entry: 1.7329
Why we like it:
There is a pullback support level which lines up with the 38.2% Fibonacci retracement.
Stop loss: 1.7207
Why we like it:
There is a pullback support level which lines up with the 61.8% Fibonacci retracement.
Take profit: 1.7620
Why we like it:
There is a pullback resistance level which lines up with the 161.8% Fibonacci extension.
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GBPCAD: the next possible moveprice is showing a bearish pressure inside a weekly poi, could this be the time to sell?
if so here's our entry setup.
there could be a possible fall to 1.72382
[Signal] Short GBPCAD at POIGBPCAD just hit a weekly bearish FVG and today's bias is a sell, get ready to short this mf and make some $$$$
✅GBP_CAD WILL KEEP GROWING|LONG🚀
✅GBP_CAD broke the key
Horizontal level around 1.7324
And the breakout is confirmed
So after the retest of the
New support we will be
Expecting a move up
LONG🚀
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GBPCAD Trade signal.Hello everyone, i want share my trading signal.
I share my full analysis about GBPCAD price action (i will link in this post) and now i want to share my trade signal. price has pretty good uptrend not it in correction, i think price will come below previous buyside liquidity and rebalance at FVG, which will be sell side liquidity.
Open Long Position: 1.73630
Stop Loss: 1.73291 (Below last buy orders)
Take Profit: 1.74400
GBPCAD: Important Breakout 🇬🇧🇨🇦
GBPCAD broke and closed above a major horizontal resistance.
The broken structure turned into support.
Bullish trend will most likely continue on the pair.
Next resistance - 1.75
❤️Please, support my work with like, thank you!❤️
GBP-CAD Swing Breakout! Buy!
Hello,Traders!
GBP-CAD is trading in an
Uptrend and the pair
Broke the key horizontal
Level of 1.7316 and the
Breakout is confirmed
So we are bullish biased
And I think that we will
See a further move up
Buy!
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Check out other forecasts below too!
GBPCAD - 4hrs ( Buy Trade Target Range 240 PIP ) Pair Name : GBP/CAD
🗨Time Frame : 4hrs Chart / Close
➕Scale Type : Large Scale
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🗒 spreading knowledge among us and to clarify the most important points of entry, exit and entry with more than 5 reasons
We seek to spread understanding rather than make money
✔️ Key Technical / Direction ( Long )
Type : Mid Term Swing
———————————
Bullish Break
1.72500 Area
Reasons
- Major Turn level / W
- Pattern Break
- choch Zone
- Fibo Golden
- Visible Range Hvn
- Day + week high
- 3 Quarter + quarter High
Bearish Reversal
1.75000 Area
Reasons
- Major Turn level / M
- Year High Area
- Fibo 1.27 %
- Pattern Target
- Ultra High Volume area
GBP/CAD BEARS ARE GAINING STRENGTH|SHORT
Hello,Friends!
GBP/CAD pair is in the uptrend because previous week’s candle is green, while the price is obviously rising on the 9H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 1.721 because the pair overbought due to its proximity to the upper BB band and a bearish correction is likely.
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GBPCAD SELL | Idea Trading AnalysisThe price has recently reached a strong resistance zone, noting previous sell-offs in that area. It appears that we may see more sideways movement
GBPCAD is near the resistance, where price dropped before.
We expect a bearish move from the confluence zone.
Hello Traders, here is the full analysis.
I think we can soon see more fall from this range! GOOD LUCK! Great SELL opportunity GBPCAD
I still did my best and this is the most likely count for me at the moment.
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Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝
GBPCAD SELL | Idea Trading AnalysisThe price has recently reached a strong resistance zone, noting previous sell-offs in that area. It appears that we may see more sideways movement
GBPCAD is near the resistance, where price dropped before.
We expect a bearish move from the confluence zone.
Hello Traders, here is the full analysis.
I think we can soon see more fall from this range! GOOD LUCK! Great SELL opportunity EURJPY
I still did my best and this is the most likely count for me at the moment.
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Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝
GBP/CAD At Very Important Res Area , Short Setup Ready Now !This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
Canadian CPI Today, British CPI Tomorrow#GBPCAD EASYMARKETS:GBPCAD
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