CADGBP trade ideas
GBPCADGBPCAD is in reversal mode.
Bearish divergence also shown in RSI.
We wait for further confirmation..
If price break the last price then we will execute trade.
GBP/CAD correction after strong uptrendHi, dear investors our next opportuntiy we are looking into is GBP/CAD , as we can see it had a fantastic bullish trend and now it's time of a reversal because we got to the upper resistance level, so far the RSI has just began formulating descending channel after being over bought at 77 level.
Entry - 1.80560
Target 1: 1.79844
Target 2 : 1.79380
Stop Loss : 1.80950
Risk to reward ratio at the staggering 1:5!!!!
As always my friends happy trading!
P.S. If you have questions or inquiries about one of my existing set-ups or personal questions / 1 on 1 sessions consider joining my channel so you can follow up with me in private!
Institutional Supply: GBP/CAD shortshey,
as mentioned in my prior post, I expect cad strenght this week.
with that in mind, this chart is looking ready for the pullback from trendline supply.
if you don't know how these zones work, watch the videos on my profile.
yes, again waiting for star patterns to occur in or slightly above the zones.
kind regards,
Max Nieveld
1st Empathy strat TA/TC (SELL)CAD looks like a stable market to invest in due to the momentum gaining around the currency, the oversold levels and currently low declined volatility makes it perfect for significant inclines due to unstable bearish buying power. with a economic counter to GBP's interest rate decisions week of DEC 8, and the volatility gaining around the coin, plus the bearish sustaining momentum sell GBP buy Cad.
Strategy:
Final Tp = 2.5% @round 1.75745
SMA = 1.3% Avg SMA = 0.60% retracment = 0.35%/0.70%
GBP/CAD ;Buy zone I'm looking for buys on GBP/CAD on this area because:
it's at the gold zone of the Fibonacci retracement
its where the trendline liquidity lies
it will be clearly over sold
overall trend is up
I would be looking for a confirmation though like double bottom or reverse head and shoulder.
it's a trade that I am also looking to scale in as I go into profit
GBPCAD Analysis - Bearish - Trade 06GBPCAD Analysis Overview
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1. Seasonality
GBP: Seasonality indicates a **sell** signal for GBP in the first week of December.
CAD: Seasonality suggests a **strong buy** signal for CAD.
Seasonality Bias: Sell GBPCAD
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2. COT Report
GBP:
COT RSI: 52 weeks at 30%, 26 and 13 weeks at bottom.
COT Index: 3-year at 50%, 1-year at 30%, indicating weak positioning for GBP.
Net Non-Commercial: Decreasing, showing a bearish sentiment.
CAD:
COT RSI: 52, 26, and 13 weeks at 20% and increasing, showing bullish momentum.
COT Index: 3-year and 1-year at 20% and increasing, aligning with a buy sentiment.
Net Non-Commercial: Increasing, with a positive bias.
COT Bias: Sell GBPCAD.
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3. Fundamental Analysis
Leading Economic Indicators:
GBP: Decreasing, signaling economic weakness.
CAD: Increasing, pointing to economic strength.
Endogenous Factors:
GBP: Decreasing, aligning with a sell sentiment.
CAD: Increasing, further supporting a buy stance.
Exogenous Factors:
GBPCAD exogenous signal indicates a buy CAD, sell GBP sentiment.
Fundamental Bias: Sell GBPCAD.
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4. Technical Analysis
RSI Divergence: Bearish divergence identified, indicating potential downside movement.
Breakout Indicator: A red arrow confirms bearish momentum on key breakout levels.
Resistance Zone: Price is currently at a strong resistance zone, showing rejection patterns.
Technical Bias: Sell GBPCAD.
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Final Bias: Sell GBPCAD
The alignment across seasonality, COT data, fundamental indicators, and technical analysis strongly supports a sell setup for GBPCAD.
GBPCAD Opportunity Presenting Itself Just have to be patientAs we navigate these pairs, it’s important that we take our time to thoughtfully develop our strategy. Currently, our time frames are aligned; however, we do need to see the price on the 4-hour chart turn bearish. This movement will help guide the price back to the daily area of interest (AOI).
Once we observe the price shifting back to a bullish trend, we will patiently await a pullback on the 4-hour chart. This will provide us an opportunity to analyze the lower time frames for a sign of strength (SOS) before proceeding with our trade. It’s essential to remember that exercising patience often yields the best results, and a more measured approach can lead to success.
#GBPCAD Daily Forecast gbpcad change his tred now we will wait for reach for his OB point and then we will enter for a trade with confirmation .
GBPCAD Wave AnalysisGBPCAD price will move in a downward direction according to the price chart to complete wave E.
Enter the trade around price: 1.80422
Stop loss: 1.82041
Take profit: 1.74477
This offer has a risk/reward ratio of around 3.5
Make sure to involve less than 2-3% of your total capital and adhere to the principles of money management
This is just a suggestion for consideration
Rk the sniperUpdate of the trade
That i predicted earlier
Gbp cad for long
Sniper entry with fibonacci gold zone
It went over 1:20
inverse head and shoulders for GBPCADClean, clear, and perfect pattern, Inverse head and shoulders pattern. These are usually really accurate when you see them.
GBPCAD | 04.12.2024SELL 1.78500 | STOP 1.79400 | TAKE 1.77600 | Local correction moving from resistance level.
Bearish drop?GBP/CAD has reacted off the pivot and could drop to the 1st support which has been identified as an overlap support.
Pivot: 1.7923
1st Support: 1.7827
1st Resistance: 1.7999
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GBPCAD: Important Breakout 🇬🇧🇨🇦
GBPCAD broke and closed above both a significant daily horizontal resistance
and a falling trend line.
The broken structure compose an expanding demand zone now.
The market has a great potential to continue rising.
Next resistance - 1.8
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Bullish momentum to extend?GBP/CAD is falling towards the support level which is an overlap support and could bounce from this level to our take profit.
Entry: 1.7856
Why we like it:
There is an overlap support level.
Stop loss: 1.7759
Why we like it:
There is a pullback support level that aligns with the 38.2% Fibonacci retracement.
Take profit: 1.8009
Why we like it:
There is a pullback resistance level that aligns with the 78.6% Fibonacci retracement.
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GBPCAD - Long TradePrice is moving in bullish trend with higher high & higher lows.
Entry will be at fib value 0.618 (1.78119).
Stop loss is below higher low.
GBPCAD Potential Longbroke out of resistance and done retesting. Should see movement to the upside but watch out for tomorrow's news. Looks like we got an inverted head and shoulder as well and neckline been broken. Lets see what happens.
#GBPCAD 1HGBPCAD 1-Hour Analysis
The GBPCAD pair is trading within a rising wedge pattern on the 1-hour chart, which is typically a bearish continuation or reversal signal. The narrowing price movement suggests weakening bullish momentum, creating a potential setup for a sell position if the price breaks below the wedge’s support line.
Technical Outlook:
Pattern: Rising Wedge
Forecast: Bearish (Sell Opportunity)
Entry Strategy: Enter a sell position on a confirmed breakdown of the wedge’s support line.
Traders should look for confirmation such as bearish candlestick patterns (e.g., a strong bearish engulfing candle) or indicators like RSI showing divergence or overbought conditions. Set stop-loss orders above the wedge resistance and target lower support levels for potential profit.
GBPCAD: Short Trade Explained
GBPCAD
- Classic bearish pattern
- Our team expects retracement
SUGGESTED TRADE:
Swing Trade
Sell GBPCAD
Entry - 1.7884
Stop - 1.7976
Take - 1.7717
Our Risk - 1%
Start protection of your profits from lower levels
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Gbpcad on a buying stateAfter a bullish engulfing candle on the weekly timeframe and a retest on the support area was successful we believe for a buy
