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CANADIAN DOLLAR / BRITISH POUND

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CADGBP trade ideas

Lingrid | GBPCAD short OPPORTUNITY - Testing STRONG ResistanceThe price has perfectly followed my previous analysis. OANDA:GBPCAD market is approaching a significant resistance zone. This area is defined by the previous day's high and a level where the price has previously reversed downwards. I expect the market may retest this resistance level and subsequently fall, potentially forming a false breakout. If the price breaks and closes below the upward trendline, I think the pricemight retest of the previous week's low. As a result, I anticipate the long-tailed bar or engulfing candle coupled with divergence, which would signal rejection of the resistance level and confirm a short. My goal is to support zone around 1.78450 Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻
Short
by Lingrid
3
GBPCAD is ready to push againNo comment needed. All information is in the chart analysis. Steps to follow: Analyze yourself. Take the position with SL and Take Profits. Wait, it may take a couple of days, so take a break and step away from the screen from time to time, just like I do :) Get the result. I will update the trade every day. Like, comment with your good mood or viewpoint, share with your circle. It’s together that we get stronger! Good trades, Traders! The golden bear
Long
by thegoldenbear
GBPCAD: Your Detailed Trading PlanTake a look at ⚠️GBPCAD This week, the pair broke an important structure resistance and closed above it. Currently, the price is consolidating within a tight horizontal range and retesting the broken structure on the 4-hour chart. To confirm a bullish trend for intraday buying, look for a breakout above the resistance of the range. A 4-hour candle closing above 1.7924 will confirm this breach. If this occurs, a bullish continuation towards 1.7967 levels can be expected.
Long
by linofx1
1
POTENTIAL SHORT TRADE SET UP FOR GBPCADAnalysis: Utilizing chart patterns, highs & lows, and impulses & corrections, the focus is on identifying a continuation corrective structure following a breakout. Entry: The price advanced toward the previous swing high zone, supported by an ascending structure on the higher time frame (HTF), before sharply declining from the swing high area. Following this, the price broke below the inner ascending structure, confirming a bearish reversal. After a brief pullback on the mid-time frame, it formed a bearish continuation pattern. We are now considering an entry based on a small bearish continuation structure, targeting the immediate swing low and, subsequently, the base of the ascending structure. Expectation: A downward move is expected, with the initial target at the immediate swing low, followed by the base of the ascending structure. ⚠️ Reminder: Conduct your own analysis and implement proper risk management, as forex trading carries no guarantees. This is a high-risk endeavor, and past performance does not predict future outcomes. Trade responsibly!
Short
by TheTradingAmbience
GBPCAD Testing Rising Support - Likely to Head Toward ResistanceGBPCAD is testing support, and the support levels are rising. This means that the price has been bouncing higher from these levels each time. I believe that after this test, the price will bounce up again and move towards the resistance level, which is clear and straightforward. The fact that the support is holding and moving higher makes it more likely that the price will continue up, as the market seems to be gaining strength.
Long
by FXTradingAnalysis
GBPCAD POSSIBLE SELL?The market is currently testing the current Daily area at the 0.681 Fib level on . Based on 4HR TF, the market seems to be forming a possible reversal pattern which could lead to a possible reversal. We could see SELLERS coming in strong should the current level hold. Let's see what the upcoming news will tell. Disclaimer: Please be advised that the information presented on TradingView is solely intended for educational and informational purposes only.The analysis provided is based on my own view of the market. Please be reminded that you are solely responsible for the trading decisions on your account. High-Risk Warning Trading in foreign exchange on margin entails high risk and is not suitable for all investors. Past performance does not guarantee future results. In this case, the high degree of leverage can act both against you and in your favor
Short
by WiLLProsperForex
GBP/CAD Potential short opportunity 📉 Price is back into a key supply zone, signaling a potential reversal. Before executing, I’m watching for: ✅ Further confirmation on H1 or H4 ✅ A clear Change of Character (CHoCH) ✅ Liquidity sweep to trap early buyers ⚠️ Patience is key! Let the market show its hand before entering. A strong rejection and lower timeframe breakdown could confirm the setup. 📊 What’s your take? Are you seeing the same setup? Drop your thoughts below! 👇 #GBPCAD #ForexTrading #SmartMoney #LiquiditySweep #CHoCH #PriceAction #ForexSetup
Short
by theunscriptedacademy
2
GBPCAD The Target Is DOWN! SELL! My dear followers, I analysed this chart on GBPCAD and concluded the following: The market is trading on 1.7876 pivot level. Bias - Bearish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation. Target - 1.7781 Safe Stop Loss - 1.7924 About Used Indicators: A super-trend indicator is plotted on either above or below the closing price to signal a buy or sell. The indicator changes color, based on whether or not you should be buying. If the super-trend indicator moves below the closing price, the indicator turns green, and it signals an entry point or points to buy. ——————————— WISH YOU ALL LUCK
Short
by AnabelSignals
3
GBPCAD BEARFISH FOR 100PIPS Resistance: Look for recent highs or key resistance levels where price might struggle to break higher. Support: Identify strong support levels where the price might find a floor or reverse. A break below a key support level could trigger further bearish movement, especially if there is a pattern like a break of a trendline, a double top, or a head-and-shoulders formation. Technical Indicators: Moving Averages: If the price is below key moving averages (like the 50-period or 200-period MA), it might signal a bearish trend. RSI: A reading below 30 could indicate oversold conditions, but if RSI is trending lower, it might indicate continued bearish momentum. MACD: A bearish crossover (where the MACD line crosses below the signal line) could confirm the bearish forecast. Fundamental Factors: Interest Rates: The Bank of England (BoE) and the Bank of Canada (BoC) monetary policies can significantly affect GBP/CAD. If there is a divergence in their interest rate outlooks, it can influence the pair’s direction. Economic Reports: Keep an eye on economic data such as GDP, inflation, and employment reports from the UK and Canada, as these can affect market sentiment.
Short
by LORDOFTHETRADERS
Heading into 61.8% Fibonacci resistance?GBP/CAD is rising towards the pivot which has been identified as an overlap resistance and cold reverse to the 1st support which acts as a pullback support. Pivot: 1.7986 1st Support: 1.7829 1st Resistance: 1.8132 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.
Short
by ICmarkets