GBPCAD BUYING SETUPAm set to look for buying opportunity once the market break the small range & key level to upside
CADGBP trade ideas
GBPCAD...BUYAfter the price reaches the specified level,
Enter the buy deal with the Hammer candle or Ingulf candle signal
Consider your risk management before entering a trade.
This analysis is for informational purposes only and does not constitute investment advice.
All consequences of using this signal are at your own risk.
GBPCAD TRADE SETUP✔Pair Name: GBPCAD
👍 Classic bullish formation
👍 Our team expects Bull run
SUGGESTED TRADE: Dear Traders Hope everyone is well. I will now talk about GBPCAD I can see here that Price in near the zone ! Slowly entry and use proper money management okay guys !
If your analysis matches with this then you can follow and share your opinion with me.
Start protection of your profits from LTF retest levels.
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GBPCAD for Fluffy CatWe ran into some tech issues, and we will work with the live stream provider in the coming week. Anyway, there isn't much for us on GBPCAD.
The Higher-Timeframe, Weekly and Daily chart is showing a bullish trend, however the 4-hourly and 1-hourly chart is on a bearish trend.
Key Resistance level at 1.7634
Key Support level at 1.7467
Given a choice, any of my 12 pairs would be a better fit compare to GBPCAD.
GBPCAD In Bearish Trend (Fundament + Technical Analysis) This analysis anticipates a bearish movement in GBP/CAD , supported by a combination of seasonality, interest rate policy changes, and market positioning:
Fundamental Analysis:
1- Seasonality Impact:
Historical data suggests that the GBP tends to weaken during the early part of August. This seasonal trend is observed year after year, making it a reliable indicator for traders. The current price movement aligns with this seasonal pattern, providing a solid foundation for a bearish outlook.
2. Interest Rate Cuts:
Recently, the Bank of England has hinted at potential interest rate cuts to counteract slowing economic growth and persistent inflation concerns. Interest rate cuts generally reduce the attractiveness of a currency because they lead to lower returns on investments denominated in that currency. As the market starts pricing in these anticipated rate cuts, we’ve seen a noticeable shift from bullish to bearish sentiment for GBP. This shift is significant because it indicates that the broader market is now expecting GBP to weaken further, which directly impacts pairs like GBP/CAD.
3. COT Report - The Institutional Perspective:
The Commitment of Traders (COT) report offers insight into the positions of various market participants. The latest report shows that non-commercial traders, often referred to as "smart money," have begun reducing their long positions in GBP. This reduction is a clear signal that institutional investors, who typically have a longer-term view and access to more comprehensive data, are expecting GBP to decline. The decrease in long positions adds a layer of bearish sentiment to the market, further supporting our downside expectations.
Technical Analysis: Precision in Entry Points
Entry 1 - Break of the Higher Low:
The first entry opportunity arises if the price breaks below the most recent higher low on the 4H timeframe. A break of this level would indicate that the bearish momentum is strong enough to push prices lower. Entering at this point allows us to join the trend early, capturing a larger portion of the move.
Entry 2 - Retracement Entry:
Often, after breaking a key support level, the price will retrace back to retest this level, which now acts as resistance. This retracement provides a second entry opportunity. By entering at this point, we can secure a better position with a more favorable risk-reward ratio. This entry is particularly attractive for traders who prefer to wait for confirmation of the trend before committing to a trade.
1:3 Risk-Reward Ratio Target
GBPCAD Is Goes DownIf the failure of the ceiling of the ascending channel is confirmed, it can be up to the middle line of the channel at the beginning of the work
and in the second place to drop to the bottom of the channel
A Long trade on GBP/CAD on Daily TF.Here is a Long trade on GBP/CAD on 1 DAY Time Frame forming ASCENDING CHANNEL and Following "DOW THEORY".
Long-term Short IdeaExpecting this pair to continue the sell momentum from marked areas. However i'm expecting a nice buy from the lower level
GBPCAD Waiting for the 1D MA200 to confirm the bottom.The GBPCAD pair broke this week below its 1D MA50 (blue trend-line) and is (including today) on a 2 day green streak. However this is technically not convincing for us to buy as despite holding the Internal Higher Lows trend-line, it is the 1D MA200 (orange trend-line) that has confirmed the major Higher Lows (bottoms) of the 11-month Channel Up.
In fact, it was a similar Internal Higher Lows trend-line that broke on April 01 2024 and despite a short-term rebound, broke downwards to confirm a bottom on the 1D MA200. As a result, we are waiting for that ideal technical opportunity to long and target 1.8000.
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GBPCAD LONGA bullish pennant pattern has been made, we wait for a successful breakout before we go long . Let me know what you think in the comment section
1:5 Risk to rewad 7 Dimension Buy setup For GBPCAD Core Analysis Method
Smart Money Concepts
😇 7 Dimension Analysis
Time Frame: H4
1: Swing Structure: The structure is totally bullish with proper BOS, taking two inducements. The corrective swing move with 4 pullbacks is almost done, indicating an upside reversal or impulsive move is about to start. All POIs, OBs, SOBs, BBs, FVGs, and LIQs have been mitigated. The current price is in the discounted zone, with support and demand also present.
2: Pattern
🟢 CHART PATTERNS
Reversal: Will monitor for any bullish patterns forming; none observed yet.
🟢 CANDLE PATTERNS
Record session and shrinking candle patterns are forming and finalizing themselves at the POI.
3: Volume
🟢 A massive volume was observed during the corrective move, but it has significantly decreased, indicating profit-taking or a trap for sellers.
4: Momentum RSI
🟢 In the sell zone with a range shift and divergence at the top of the move, indicating weaker bullish control. Observing what happens at the POI.
5: Volatility Bollinger Bands
🟢 After contraction, a squeeze breakout and walking on the band conditions are fulfilled. The great expansion is also about to end, indicating that bearish-side volatility is ending. The price may do a small consolidation at this level, and with the support of the bullish structure, the next volatility might go towards the bullish side.
6: Strength ADX
Total sideways at this point.
7: Rating: ⭐⭐⭐⭐ (because momentum is not supporting this setup yet, but all other parameters indicate an initial bullish setup)
✔️ Entry Time Frame: H4
✅ Entry TF Structure: Bullish
☑️ POI: Extreme Order Flow
💡 Decision: Buy limit
🚀 Entry: 1.7406
✋ Stop loss: 1.7257
🎯 Take profit: 1.8161
😊 Risk to reward Ratio: 5RR
🕛 Expected Duration: 15 days
SUMMARY: The analysis suggests a buy position based on Smart Money Concepts methodology, with structure, patterns, volume, momentum, volatility, strength, and sentiment indicating a potential bullish move. However, the momentum is currently not fully supportive, so caution is advised.
GBPCAD Simple Trading PlansGBPCAD, similarly to other GBP pairs has been hit lower on a weaker GBP, following risk off waning.
Long zones approach. Great time to kill all shorts in prep for potential rebound.
GBPCAD Short to 1.73GBPCAD after forming a Distribution Channel between 1.77-1.78, has moved
to a weak demand zone. It is weak because the reaction from Demand is minimal.
This is reflected in the VSA , with very low volume. No Buyers are defending the 1.7575
level.
Real Demand is likely to be positioned at 1.73, which is adjacent to a significant S/R level.
The sellers have been in control, and likely to maintain it for some time.
The bias is Bearish ( cross of price below 200MAV and RSI printing below 50 ), as is the intraday
Order Flow.
GBPCAD bearishGBPCAD making LH LLs with large retracements
Entry Sell limit by FIB
SL above last LH
TP 1:2
GBPCAD - 4hrs ( Sell Trade Target Range 320 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 importan+t points of entry, exit and entry with more than 5 reasons
We seek to spread understanding rather than make money
Key Technical / Direction ( Short )
Type : Mid Term Swing
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Bearish brek
1.76000 Area
Bullish reversal
1.73500
GBPCAD Sell TradeGBPCAD is bullish but is entering heavy resistance. Price needs to stabilize back to 1.75015.
I am taking a sell trade now. I had a sell trade to this level a couple days ago, but I am back in. This can hit within a few days or weeks. I am ready to sit on my hands.
I'll update as needed.
GBPCAD - Long trade if price breaks out of consolidationAn acceptable risk-to-return ratio might justify a long trade with a target at the previous upper consolidation.
Use a tight stop as price might break through the current range and continue in its longer time frame bearish direction.
GBPCAD: One More Breakout📉GBPCAD broke another important daily support level and finished trading below it.
The next significant support level to watch is between 1.7425 and 1.7399. This is likely to be the target for sellers.
If considering shorting, look at the supply area determined by the broken horizontal structure.
GBPCAD My Opinion! BUY!
My dear friends,
My technical analysis for GBPCAD is below:
The market is trading on 1.7539 pivot level.
Bias - Bullish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 1.7656
Recommended Stop Loss - 1.7463
About Used Indicators:
A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend of the market over different time frames.
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WISH YOU ALL LUCK
Fibonacci : The Best Trading Tool, How To Use It Correctly in this video i am sharing with u all my secrets in using the Fibonacci Tool. in my trading journey this was the best most precise trading tool i have ever used. it has so many advantages such as:
1- giving u the entry point.
2- easy and precise stop loss placements.
3- early indication if the wave has failed.
watch the video and an don't forget to take a screenshot of the levels settings, Good luck all.
GBP/CAD BULLS ARE GAINING STRENGTH|LONG
Hello, Friends!
We are going long on the GBP/CAD with the target of 1.782 level, because the pair is oversold and will soon hit the support line below. We deduced the oversold condition from the price being near to the lower BB band. However, we should use low risk here because the 1W TF is red and gives us a counter-signal.
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GBPCAD is possible to dropHi guys, based on the I can see that the market structure have changed on 4H timeframe and it made the conditions possible to see a drop in price for close future.
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Good luck
