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CANADIAN DOLLAR / BRITISH POUND

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CADGBP trade ideas

GBPCAD at Key Resistance: Potential Selling Opportunity to 1.789OANDA:GBPCAD is trading near a robust resistance zone that aligns with prior price rejections. This area has previously attracted strong selling interest, making it a critical point to watch. If bearish confirmation appears, such as strong upper wicks or bearish candlestick patterns, I anticipate a move toward 1.78900. But a break above this level could signal further upside and invalidate the bearish setup. -Carefully evaluate price action at this zone before entering positions. -Just my take on support and resistance zones—not financial advice. Always confirm your setups and trade with solid risk management.
Short
by TrendDiva
12
GBP/CAD Trade Setup: Short at Daily ResistanceGBP/CAD has been in an extended move higher, breaking last week’s short setup. Now, I’m looking for a short entry on a test of daily resistance, expecting a potential pullback. 🔹 Trade Notes: 📊 The pair has rallied significantly, and price is approaching a key resistance zone where sellers may step in. ⚠️ A strong upper wick on the VIX Daily Candle suggests risk sentiment is stabilizing, which could support GBP underperformance vs. commodity currencies like CAD. 🔹 Trade Plan: 🔻 Pending Short Order: Waiting for price to test daily resistance before entry. 🎯 Target: A move lower toward the 1.806 - 1.800 zone. 🛑 Risk Management: Stop-loss above resistance; will adjust accordingly based on price action. Guide for Execution: ✅ No Martingale: Additional orders are same size as the first, avoiding unnecessary risk. ✅ Remove Untriggered Orders: If the exit target is hit before entry, the pending order will be removed. Will GBP/CAD finally roll over from this extended push? Watching closely for confirmation. Drop your thoughts below! 👇
Short
by FaithdrivenTrades
USD/JPY (Trade Recap -0.5%) and GBP/CAD ShortGBP/CAD Short Minimum entry requirements: • Corrective tap into area of value. • 4H risk entry or 1H risk entry after 2 x 1H rejections. Minimum entry requirements: • Tap into area of value. • 1H impulse down below area of value. • If tight non-structured 5 min continuation follows, reduced risk entry on the break of it. • If tight structured 5 min continuation follows, reduced risk entry on the break of it or 5 min risk entry within it. • If tight non-structured 15 min continuation follows, 5 min risk entry within it if the continuation is structured on the 5 min chart or reduced risk entry on the break of it. • If tight structured 15 min continuation follows, reduced risk entry on the break of it or 15 min risk entry within it.
Short
by StewySongs
#018 Trust The Process GBPCAD Sell 1348SGT 24022025Selling. Price in a mid term up channel and price is at the top range of the channel, so I am selling, banking in to the selling pressure in the channel. I think I need to take a few more pairs. I took too little pairs last week because my account has depleted severely and I didn't think of making a new account. Now I done it, I need to pee, eat and continue taking more positions, so I could reach my 100 trades asap. 1350SGT 24022025 ASAP - XXX As Slow As Possible XXX
Short
by goh8888lester
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.
Short
by MARK_STEVAN
GBPCAD INTRADAY uptrend continuation supported at 1.8100The GBPCAD price action sentiment appears bullish, supported by the longer-term prevailing uptrend. The recent intraday price action appears to be a sideways consolidation towards the rising support trendline zone. The key trading level is at 1.8100 level, the consolidation price range zone. A corrective pullback from the current levels and a bullish bounce back from the 1.8100 level could target the upside resistance at 1.8165 followed by the 1.8186 and 1.8230 levels over the longer timeframe. Alternatively, a confirmed loss of the 1.8100 support and a daily close below that level would negate the bullish outlook opening the way for a further retracement and a retest of 1.8067 support level followed by 1.8030. 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.
by TradeNation