GBPCAD trade ideaFX:GBPCAD
Potential short opportunity as price reaches Swap zone and closed with few rejection candles, signaling potential short-term reversal. Price previously respected the HTF Resistance zone, this is an extra confluence that it may continue its bearish order flow towards the downside. For scalping and intraday, we can target the H1 demand zone below and turn trade into breakeven if holding for longer time.
Gbpcadshort
GBP/CAD "Pound vs Loonie" Forex Bank Heist Plan (Swing/Day)🌟Hi! Hola! Ola! Bonjour! Hallo! Marhaba!🌟
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Based on 🔥Thief Trading style technical and fundamental analysis🔥, here is our master plan to heist the GBP/CAD "Pound vs Loonie" Forex Bank. Please adhere to the strategy I've outlined in the chart, which emphasizes long entry and short entry. 🏆💸"Take profit and treat yourself, traders. You deserve it!"💪🏆🎉
Entry 📈 :
"The loot's within reach! Wait for the breakout, then grab your share - whether you're a Bullish thief or a Bearish bandit!"
🏁Buy entry above 1.85100
🏁Sell Entry below 1.83000
📌However, I recommended to place buy stop for bullish side and sell stop for bearish side.
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🚩Thief SL placed at 1.83000 (swing Trade Basis) for Bullish Trade
🚩Thief SL placed at 1.84000 (swing Trade Basis) for Bearish Trade
Using the 3H period, the recent / swing low or high level.
SL is based on your risk of the trade, lot size and how many multiple orders you have to take.
Target 🎯:
🏴☠️Bullish Robbers : TP 1.88500 (or) Escape Before the Target
🏴☠️Bearish Robbers : TP 1.80000 (or) Escape Before the Target
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📌Keep in mind that these factors can change rapidly, and it's essential to stay up-to-date with market developments and adjust your analysis accordingly.
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As a reminder, news releases can have a significant impact on market prices and volatility. To minimize potential losses and protect your running positions,
we recommend the following:
Avoid taking new trades during news releases
Use trailing stop-loss orders to protect your running positions and lock in profits
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GBPCAD Tests Bearish Trendline – Focus Shifts to BoC DecisionGBPCAD is currently respecting a well-defined descending trendline, showing multiple rejections and a sustained series of lower highs. The latest retest near 1.8460 was met with selling pressure, aligning with the broader bearish channel.
Key Levels:
Current Price: 1.8458
Resistance Area: 1.8470 – 1.8600 (trendline & previous highs)
Support Targets:
TP1: 1.8120 (key structure)
TP2: 1.7980
TP3: 1.7900 (major support zone)
Bearish Technical Confluence:
✅ Multiple rejections at trendline
✅ Lower highs & lower lows continue
✅ Potential reversal candlestick pattern forming
✅ Bearish breakout could accelerate toward 1.7980
📉 Fundamental Outlook – BoC Rate Decision in Focus (April 16)
Market Sentiment Split:
Initially, economists leaned toward a BoC hold, as recent data and trade optimism gave the central bank room to pause.
However, March CPI undershot expectations, triggering increased speculation of a rate cut.
Key Data Highlights:
Headline CPI fell to 2.3% YoY vs 2.6% previously, well below the 2.7% forecast.
Drop mainly due to gasoline and transport costs, which BoC may look through.
Core inflation (median 2.9%, trimmed 2.8%) remains elevated, supporting arguments for a hold.
Analyst Viewpoint:
“We still marginally favor a BoC hold given the proximity to elections and resilience in core inflation, but our conviction is lower after the CPI miss.” – Knightley & Pesole, ING
Market Reaction:
Loonie sold off post-CPI, but analysts believe the sell-off may be short-lived if BoC surprises with a hawkish hold.
Swap market odds of a cut rose to 45%, up from 33% pre-CPI.
🎯 Combined Technical + Fundamental Setup
If BoC holds rates, expect CAD strength → GBPCAD could accelerate downward toward 1.8120 → 1.7900.
If BoC cuts, GBPCAD may spike temporarily toward 1.8600, but downside pressure may resume unless accompanied by dovish forward guidance.
🛠️ Trade Plan:
Sell Bias Below: 1.8470
Entry Trigger: Bearish confirmation or post-BoC rejection
TP1: 1.8120
TP2: 1.7980
TP3: 1.7900
Invalidation Zone: Break and close above 1.8600
GBP/CAD At Interesting Area To Sell It And Get 250 Pips !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.
GBPCAD will Fly , All Confirmations are in the Bullish Side Hello 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
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
SHORT ON GBP/CADGBP/CAD is rejecting a key supply area on the 15min after continuing to make (Lower Highs) on the Higher Time Frames.
There has been a change in market structure from Up to down on the lower timeframe signaling a possible drop.
GBP/CAD is highly over brought and I believe its ready to fall.
I will be selling GBP/CAD to the next swing low for about 100-150 pips. OANDA:GBPCAD
Fri 7th 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’s Bullish Surge: What’s Next? 💹 The GBPCAD has been in a strong bullish trend, reaching into previous highs on the daily timeframe—a key liquidity zone! 💰 This is a crucial area where smart money may take profits or induce a retracement before the next move.
📉 Given that price is currently overextended, I’m not looking to buy at these highs. Instead, I’ll be watching for a potential pullback into an unresolved imbalance, where we could see a high-probability long setup—if price action confirms the move. 🧐
💡 Patience is key in trading. Chasing price at extreme levels often leads to significant losses. I’ll be waiting for the right conditions to align before looking for an opportunity.
⚠️ Not financial advice. Always trade responsibly!
📊 Let me know your thoughts in the comments below.. 👇
Gbpcad analysis This is a technical analysis of the GBP/CAD (British Pound/Canadian Dollar) currency pair on a 2-hour timeframe from OANDA. The chart highlights key support and resistance levels and suggests a potential price movement.
Key Observations:
1. Resistance Level (Near 1.8300):
Marked at the upper purple zone.
The price is approaching this resistance level, indicating potential selling pressure.
2. Support Level (Near 1.8050):
Marked at the lower purple zone.
This area has acted as a previous demand zone where buyers could step in.
Predicted Market Movement:
The blue arrow suggests a potential price rejection at the resistance level around 1.8300.
A downward movement is anticipated toward the support level at 1.8050.
The forecast includes a minor retracement before a deeper decline.
Trading Implications:
Sell Opportunity: If price shows rejection at resistance (1.8300), traders might look for short positions targeting the 1.8050 support.
Buy Opportunity: If the price reaches support (1.8050) and holds, traders may consider long positions.
This analysis assumes typical price action behavior, where resistance leads to sell-offs and support leads to buying interest. Traders should watch for confirmation signals before entering trades.
Scenario on GBPCAD 13.2.2025I see the GBPCAD market as follows: the first sfp short from the price of 1.785 and the next one is at the price of 1.795. If I look long, the first interesting level for me is around the support of 1.7695-1.7672. The next one comes out below this support and if the market breaks through it, I think we will go lower.
GBP/CAD Reversal Play: Riding the Support Zone to Triple TPIn this setup, I identified a strong support zone on the GBP/CAD 4-hour chart, marked in green. The price action tested this support multiple times, confirming its validity. Observing the bullish rejection wicks and the consolidation around this level, I anticipated a potential reversal.
I entered a long position at 1.78902, just above the support zone, ensuring a safe entry with confirmation of bullish momentum. My stop loss is placed slightly below the support at 1.77866 to protect against a false breakout while giving the trade enough breathing room.
For my take profit strategy, I set three target levels aligned with key resistance points:
Take Profit 1 at 1.79635 – This is the first resistance level, providing a conservative target.
Take Profit 2 at 1.79966 – A mid-level resistance, offering a balanced risk-reward ratio.
Take Profit 3 at 1.80379 – Targeting the upper resistance, maximizing potential gains if the bullish trend continues. OANDA:GBPCAD OANDA:GBPCAD
GBP/CAD Fall of the Pound A Bearish Trap Has Been Set Rising Channel Breakdown
The chart previously exhibited a rising channel with two parallel white trendlines containing the price movement.
The price broke below the channel, signaling a shift in market structure from bullish to bearish.
Bearish Momentum Confirmation After the breakdown, the price retested the lower trendline but failed to reclaim it, confirming resistance.
A strong bearish rejection followed, indicated by the red shaded area showing selling momentum.
Short Entry & Risk-Reward Setup
The short position was entered near 1.78981, slightly below the breakdown point.
The stop-loss is set at 1.80996, positioned above the breakdown level to avoid whipsaws.
The take-profit target is 1.75724, aligning with previous support and a logical demand zone.
Indicators & Confluence
EMA or Trend-Based Indicator. The red shading suggests the price is trending below a dynamic moving average, reinforcing bearish sentiment.
Bearish Candlestick Formation, A series of red candles and a retest failure further confirm selling pressure.
Trade Rationale & Risk-Reward Analysis
Trade Type: Short
Entry: 1.78981
Stop Loss: 1.80996 (~200 pips above entry)
Take Profit: 1.75724 ( 325 pips below entry) Always book Profit every 10%
Risk-Reward Ratio: 1:1.6 , indicating a solid risk-adjusted trade with a favorable reward potential.
This trade capitalizes on the bearish breakdown of the rising channel, with a clear stop-loss placement and a logical take-profit target. If momentum sustains, the price could continue trending lower towards 1.75724 or even extend further.
Wed 5th Feb 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 is in the bearish directionHello 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