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CANADIAN DOLLAR / BRITISH POUND

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CADGBP trade ideas

GBPCAD POTENTIAL SHORT OPPORTUNITYHello Everyone! How are you all? Gbpcad is a pair to watch this week, because it is shaping up very nicely for a short trend reversal that we can capitalize on. So, I will be looking for a short trend reversal because of the following reasons: 1. Potential Double Top 2. The price is forming a potential reversal structure. 3. The price is approaching the value area. Game Plan: If the price comes to the VA, and rejects at that level or sweeps the High, and makes a bearish impulse followed by a flag with two highs and lows. Entry : will look for a risk entry within the flag or a reduced risk entry on the breakout of the flag.
Short
by DTreasureMarketHub
GBPCAD is in the bearish directionHello 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
Long
by ForexMasters2000
1
GBPCAD Will Move Lower! Sell! Take a look at our analysis for GBPCAD. Time Frame: 12h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is trading around a solid horizontal structure 1.772. The above observations make me that the market will inevitably achieve 1.759 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. Like and subscribe and comment my ideas if you enjoy them!
Short
by SignalProvider
1
SELL GBPCAD Price has approached the monthly highs of 1.78907 where price has reversed from in the past, in addition scrolling down on the weekly we can see the formation of a double top pattern indicating signs of reversal, on our daily we can even identify structure more clearly with the formation of a bearish engulfing pattern off the highs indicating signs of bearishness . Dropping down on our 4h time frame we can see the break of a trendline and now the market is forming lower lows and lower highs pushing to the downside and currently forming a break and retest pattern at 1.77564. Approach with caution and trust the process
by aplustrading_
1
Short on GBPCADOn a monthly chart, we can see an uptrend ending with a doji candle . This tells me, the uptrend came to an end and now we will move lover. Great is, that the doji is exactly at the resistance, that worked wery well in the past. I will look for entries at daily chart. My PT will be aprox. 1.62 -1.63, based on the weekly chart levels. Valid until we brake above 1.78692 (high of a doji candle). To sum it up: uptrend, currently not moving higher strong resistance, that worked for decade doji candle, which means not enough buyer to outnumber the sellers, but also not enough seller (yet) to outsell the buyers. Basically change of the trend. fundamentals - I expect the Canadian economy to perform better in a 1 year period. I wish you good luck and good trading.
Short
by luckyzebra