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CANADIAN DOLLAR / BRITISH POUND

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CADGBP trade ideas

GBP/CAD Reversal Play: Riding the Support Zone to Triple TPIn this setup, I identified a strong support zone on the GBP/CAD 4-hour chart, marked in green. The price action tested this support multiple times, confirming its validity. Observing the bullish rejection wicks and the consolidation around this level, I anticipated a potential reversal. I entered a long position at 1.78902, just above the support zone, ensuring a safe entry with confirmation of bullish momentum. My stop loss is placed slightly below the support at 1.77866 to protect against a false breakout while giving the trade enough breathing room. For my take profit strategy, I set three target levels aligned with key resistance points: Take Profit 1 at 1.79635 – This is the first resistance level, providing a conservative target. Take Profit 2 at 1.79966 – A mid-level resistance, offering a balanced risk-reward ratio. Take Profit 3 at 1.80379 – Targeting the upper resistance, maximizing potential gains if the bullish trend continues. OANDA:GBPCAD OANDA:GBPCAD
Long
by SCALPOO
Falling towards 50% Fibonacci support?GBP/CAD is falling towards the pivot which is a pullback support and could bounce to the 1st resistance. Pivot: 1.7806 1st Support: 1.7661 1st Resistance: 1.7968 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Long
by ICmarkets
2
GBP/CAD Fall of the Pound A Bearish Trap Has Been Set Rising Channel Breakdown The chart previously exhibited a rising channel with two parallel white trendlines containing the price movement. The price broke below the channel, signaling a shift in market structure from bullish to bearish. Bearish Momentum Confirmation After the breakdown, the price retested the lower trendline but failed to reclaim it, confirming resistance. A strong bearish rejection followed, indicated by the red shaded area showing selling momentum. Short Entry & Risk-Reward Setup The short position was entered near 1.78981, slightly below the breakdown point. The stop-loss is set at 1.80996, positioned above the breakdown level to avoid whipsaws. The take-profit target is 1.75724, aligning with previous support and a logical demand zone. Indicators & Confluence EMA or Trend-Based Indicator. The red shading suggests the price is trending below a dynamic moving average, reinforcing bearish sentiment. Bearish Candlestick Formation, A series of red candles and a retest failure further confirm selling pressure. Trade Rationale & Risk-Reward Analysis Trade Type: Short Entry: 1.78981 Stop Loss: 1.80996 (~200 pips above entry) Take Profit: 1.75724 ( 325 pips below entry) Always book Profit every 10% Risk-Reward Ratio: 1:1.6 , indicating a solid risk-adjusted trade with a favorable reward potential. This trade capitalizes on the bearish breakdown of the rising channel, with a clear stop-loss placement and a logical take-profit target. If momentum sustains, the price could continue trending lower towards 1.75724 or even extend further.
Short
by wolfchemist
1
GBPCAD is in the bearish directionHello Traders In This Chart gbpcad 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 sell entry follow me and like for more updates please 1.4h 2downtrend/bos we wait the retest to sell 3resistance level/support 4double top/double top form and breake out structure/ 5rsi78/sto91/Vol bearish//rsi65/sto40/Vol bearish//rsi46/sto12/volbearish 6vol bearish/we wait the sell confirmation 7fiibex done at the perfect zone to sell///in red zone prepare to sell, above zone 8fibretrac blue zone perfect zone to sell// done at blue, above zone 9 big sellers enter here …/about tp sell becaude the gap didn’t break te resis zone yet 10.load sell orders 11r/r1/3,1/4,1/6 12bearish divergence / bearish divergence //bearish diveegence 13bearish expanding triangle /bearisharami/spinning top/evening star/tweezer top 14 bearish flag pattern /bearish Downtrend support zone sell after retracement If the fib does not reach the 61zone then is a strong downtrend Since is Tuesday a sell can be possible since the highs are already formed Market about to retrace and fib target above to sell 1.2h 2downtrend 3resistance level/support zone/ 4rising wedge /bearish pannent /bearish expanding triangle/ 5rsi60/sto67/volpower loss and selling getting geround/rsi65/sto49/volbearish 6.rsi64/sto72/vol if breaks te resis zone above we look for buy entries 7fibextern blue zone exoec/pattern drawn/exp 8fib retrac redzone breakout structure/bearish expectation/exp 9strong zone /sell at te highest cprice 10expecting sell at the bos zone 11.1/2,1/3,1/4,1/6//1/3 12bearish divergence /bearish divergence / 13bearish engulfin/three dark soldiers/marobusa /tweezer top/ 14. bullish and sell later Because of usa new tomorrow we wait to sell at the fibex blue zone above or execute below thehl of the bearish pannent (sell) Bos at the bearish exp triangle we expthe second retracement to sell down 1.1h 2consolidation/downtrend/ 3resistance/resis/supportzone 4symmentric expanding triangle/double top 5rsi58/sto77/volbull insisting but a bearish signal s good to sell /rsi68/sto82/vol//rsi34/sto17/vol bearish 6,new sell positin entering , expect sellers 7fibex done/exp 8fibretrac done /exp 9expectx selerssells/sell below the fibzones 10wait the retracement first before selling 11.1/2,1/3 12bearish divergence/ 13doji spinning top/bearish engulfing / 14 Entry conditions at blue zone selling possibilities (aaasetup)3% x 3 at the 3 interval zone remove 1 tp at support zone and wait te retracement and add sell limit orders Tp 1 at the blue zone down wait retrace and sell more Enter 0.001 at each level / wait the retracement for sell limit order Sell position at zone of interest Satuday analysis done /
Short
by Forexnation237
GBPCAD Approaching Key Resistance — Will Sellers Step In?OANDA:GBPCAD is approaching a key resistance zone, a level previously met with strong selling pressure. The market has rejected this level before, indicating the presence of supply and reinforcing the potential for another move lower. If bearish confirmation follows—such as rejection wicks or strong bearish candles—this could trigger a continuation to the downside, with 1.80080 as the next key target. However, a breakout above this resistance would invalidate the bearish bias, shifting focus toward higher levels. This is not financial advice but rather how I approach support/resistance zones. Remember, always wait for confirmation, like a rejection candle or volume spike before jumping in. Please boost this post, every like and comment drives me to bring you more ideas! I’d love to hear your perspective in the comments. Best of luck , TrendDiva
Short
by TrendDiva
3
GBPCAD is ready to push againNo comment needed. All information is in the chart analysis. Steps to follow: Analyze yourself. Take the position with SL and Take Profits. Wait, it may take a couple of days, so take a break and step away from the screen from time to time, just like I do :) Get the result. I will update the trade every day. Like, comment with your good mood or viewpoint, share with your circle. It’s together that we get stronger! Good trades, Traders! The golden bear
Long
by thegoldenbear