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CANADIAN DOLLAR / BRITISH POUND

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CADGBP trade ideas

Trading Idea Update: GBPCAD 4H - Bearish Continuation SetupThe GBPCAD 4-hour chart aligns with our previously identified bearish bias. The market is currently retracing into a Fair Value Gap (FVG) in a premium zone, providing a high-probability area for short entries. Here’s the updated breakdown: Fair Value Gap (FVG) in Premium Zone The price has retraced into a Daily Fair Value Gap (FVG), highlighted in red, which aligns with the premium zone of the recent swing. This zone represents a potential area where smart money could enter short positions after mitigating imbalances. Bearish Bias The bearish bias remains intact as the price is approaching an area of interest for a reversal. A rejection from this FVG zone could lead to further downside, targeting liquidity below previous swing lows. Key Targets First Target: 1.7520 — This is the nearest significant low that aligns with liquidity resting below. Second Target: 1.7420 — A deeper liquidity pool where price is expected to gravitate. Execution Plan Entry: Look for short positions within the FVG zone (1.7720 - 1.7790) after confirmation through lower time-frame bearish signals (e.g., CHOCH, BMS). Stop Loss: Place stops above the FVG zone, around 1.7820, to protect against further retracements. Take Profit: First Target: 1.7520 Second Target: 1.7420 Extended Target (if momentum continues): Below 1.7300 Confluence for Short Setup FVG Mitigation: Price is retracing into a clear imbalance in a premium zone. CHOCH: The bearish structure shift supports the continuation of the downtrend. Liquidity Targets: Sell-side liquidity exists below the recent lows, acting as magnets for price. Trend Continuation: The overall market is aligned with the bearish trend on higher time frames. Summary The GBPCAD 4-hour chart presents a high-probability bearish setup as price retraces into the FVG zone. A rejection here, supported by lower time-frame confirmations, aligns with the overall bearish trend and provides a favorable risk-to-reward opportunity. Targets are set at 1.7520, 1.7420, and potentially lower.
Short
by cephxs
#013 DCA GBPCAD SellEarlier on, I took a short position on GBPUSD and TP-ed. GBPCAD and GBPUSD seems to be correlated by their movements and even more so because both of the products contain GBP in it. Even though in the short term, price seems to be moving upwards, but in the longer term as we can see on the chart (scroll back if you must, on the 15 Minutes Time Frame) price is moving lower and lower with more people buying into dollar strength. I am expecting the short-term higher high is due to today being a Monday and that London opened first, hence the GBP strength. I could be wrong and price could move further upwards from here but it is ok, I have another sell limit above and could also employ other methods to try to force a breakeven if price does keep moving upwards. There is still some space before GBPCAD touches the next previous Support level on the 4H Time Frame, so we shall see. 2001SGT 25112024 CADCHF trade still in drawdown but it's ok. we shall see
Short
by ProfessionalDuckHunter
GBPCAD 4hr ShortGBPCAD ✅ 4hr Short ✅ 💰ENTRY: 1.75480 👎STOP LOSS: 1.75752 TP TARGETS ⏰TP1 ⏰TP2 ⏰TP3 ✅ 1. Weekly Time Frame: Price has been breaking bearish and trending below the 10, 50, 200 EMAs. ✅ 2. Daily Time Frame: Price has been breaking bearish and trending below the 10, 50, 200 EMAs. ✅ 3. 4hr Time Frame: Price has made a valid correction into the 10 EMA. ✅ 4. Price has made a Swing high Engulfing candle below the 50ema. This is a great example of my systematic system.
Short
by angelvalentinx
GBPCAD Possible Short Position BBMA OA ReEntry Zone Zero Loss 4H - Re-Entry 1H - 50 EMA Rejection + Bollinger Band Rejection 15m - Entry in MAHI Note: * Cancel trade or cut-loss when candle close Above MAHI (2 Grenn Color Lines) in 4H * 1:3 RRR * TAYOR A combination of multiple moving averages and Bollinger Bands is the BBMA OMA Ally strategy. It provides an extensive and reliable examination of market trends and patterns by utilizing the strength of both indicators. It is a multi-time frame analysis I am using the BBMA OA Reentry Zone Zero Loss Strategy as a basic reaction to recent market events, rather than attempting to forecast the market's future course
Short
by GreggiBond
GBPCAD I Potential long from bottom of the channel Welcome back! Let me know your thoughts in the comments! ** GBPCAD Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!Welcome back! Let me know your thoughts in the comments!
Long
by BKTradingAcademy
#009 DCA GBPCAD SellI am now entering on the 4H Time Frame. Giving my trades more space. Previously, I placed several Limit Orders, but now, I decided to place less, because I have more space for price to run now. And also, I think that if price goes against me and enters into a drawdown or triggers my other Limit Orders, I should seek to exit for a Breakeven, instead of hoping to make a profit. Breaking even is possible by exiting at the halfway mark between my first position and my last position. Meaning, If I have 3 positions opened, and price is currently at the breakeven price of my 2nd position, I am currently breakeven for all trades because, 1st - -10cents loss 2nd - Breakeven 3rd - 10cents profit which equates to a breakeven. The amount of position is not a problem. As long as price is at the middle of all your positions, you could exit all of the positions and be on an average breakeven (might be in slight loss, or slight profit which all eventually evens out in the long run as you continue trading). 1st - 100$ loss ... 50th - Breakeven ... 100th - 100$ profit Exit at the 50th position and all your trades would be breakeven (excluding the commission. 100 trades would rack up a lot of commission.) Too many thinking. I wanna go do some delivery orders but I feel a blur. 0956SGT 22112024
Short
by ProfessionalDuckHunter