Trade set up on GBPCAD On HTF price has strong momentum to the upside looking for more continuation pattern
CADGBP trade ideas
GBPCADCurrently on GBPCAD on the 4hr time-frame price the 01:00 4hr candle stick sweep out liquidity and the previous day high , also making a turtle soup at the same time. Now we are waiting for a distribution to the down side
SELL Off Imminent ?? Drop to 1.73 Next??As per my last trade idea on this pair we got the dip back down under the 1.73 mark and are now well inside the Monthly SELL zone fast approaching the 1.78 mark were I mentioned that the market may target (see related post)
So, what's next? Over the coming days and weeks, it’s likely we’ll see a sell-off for this pair.
On the weekly charts, the 1.775 level is a key resistance point where the market has repeatedly pulled back.
Zooming into the lower timeframes, the pair appears extremely overbought across all lower TF charts. This condition at a key resistance level typically signals an imminent trade in the opposite direction.
I will be patiently waiting for any SELL signals using my TRFX indicator, from the 4-hour to the daily chart. Once the first signal occurs, I plan to build a short position.
The initial target for this trade is the previous resistance area of 1.73, where buyers are likely to regroup for another attempt to break through the 1.775 resistance level before potentially moving back down toward 1.70 or lower.
Given the key resistance and overbought conditions, a sell trade seems the most logical next step.
Share your thoughts in the comments.
(P.S. I've been a bit busy the past few weeks, so I haven't been as active on the platform.)
avoid buy GBPCAD, it is overboughtCurrent strenght in revertion area, strong weekly resistence. Time to think in SELL this par
GBPCAD4 mins til neewwwwwwwwwwwwsssssssss im excited but idk whats gonna happen to be honest someone help me
gbpcad 4hrapproaching resistance zone, our previous resistance will be our new support, so we expect a test to our previous resistance
GBPCAD - 4hrs ( Buy Trade Target Range 150 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 ( Long )
Type : Mid Term Swing
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🦸♀️Bullish Break
1.74750 Area
Reasons
- Major Turn level / d
- Trend Line Area
- Choch Area
- Fixed Range Hvn
- Visible Range Hvn
🦸♀️Bearish Reversal
1.76250 Area
Reasons
- Major Turn level
- Fibo Golden Zone
- Pattern Target
- Quarter's High Area
- Choch Zone / Majoe
GBPCAD SellThere's a growing sense of caution around GBPCAD. While recent technical indicators have suggested a strong buy, a closer look reveals potential exhaustion from buyers, particularly at key levels across multiple timeframes.
Key Levels and Exhaustion:
Weekly, Daily, 4-Hour Charts:
GBP/CAD is currently testing resistance on its weekly, daily, and even 4-hour charts. This confluence of resistance points suggests the pair might be struggling to push higher.
Buyer Exhaustion:
The recent rally might be losing momentum. We could be seeing signs of buyer exhaustion, where the bulls are running out of steam after a significant upward push.
I have entered a sell position and look to hold it overnight into tomorrow, to see how CAD and USD news affect the seniment.
Entry: 1.75929
Stop: 1.76275
Profit: 1.74503
1:4 RR - Risking 1% in the hope of hitting 4% returns.
GBP/CAD Fully Closed +500 Pips 0 Drawdown , Did you Enter ?This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
GBPCAD: 500+ Pips Buy When It's Ready! Dear Traders,
Hopefully you are doing great, based on our previous analysis where we had anticipated price to grow around 1000 pips, price rose 500+ pips from our first entry. Now, price is approaching our second area of entry. Where we can see a strong bullish volume to kick in the market. Please use risk management accordingly. Good luck and trade safe.
good luck and trade safe.
Short Term - GBPCAD sellJust initiated a sell trade on GBP/CAD, eyeing a drop to 1.75015. We’ve seen the pair climb steadily, but it’s bumping up against a key resistance levels.
I’ll be monitoring the market closely and might adjust my position (add position as well) if there are any significant fluctuations. With minimal leverage, I’m managing risk while aiming to capitalize on this anticipated pullback.
This trade is all about catching the expected dip and making a quick gain from the immediate price action. Let’s see how it pans out as we aim for that 1.75015 level!
Should hit sooner than later.
GBPCAD: trade idea + entryI'm seriously running out of titles lol😂
But anyways, since y'all ask, this is my POI for GBPCAD this week. After it rush down from my Weekly POI, i'm waiting for it to get to this 'base' zone as supply and demand traders would call it (drop base drop, isn't it?).
let's watch this out!
GBPCAD FUNDAMENTAL:GBP stronger than CAD on-cot report and fundamentals
SEASONALITY: both occurrences bullish in the month of July
SENTIMENTAL : long 17 short 83
TECHNICAL:
break of bearish trend line printing higher higher and higher low
retracement to 0.5
testing fair value gap 0.5
volume support
support from bullish channel bottom
direction score 9
good luck
GBP/CAD For Bullish After Finishing Correction Wavewait for finish the correction wave and then go long
- General Trend is Up Trend
- RSI say its overbought levels so correction will be start sonly
- wait for price action at green arrow or between fibo levels 50:61 and then go long
have fun :)
