CADGBP trade ideas
Gbp/CadThis is a clean example of price action and sniper entry
Fibonacci retacement
Area of interest
Breach / oversold trendline in an uptrend
Bearish drop?GBP/CAD is reacting off the pivot which is a pullback resistance and could drop to the 1st support which acts as a pullback support.
Pivot: 1.7851
1st Support: 1.7655
1st Resistance: 1.8006
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SELL until quote 1.7600 => valid or not ?Hello my friends,
I want to come up with another trading idea but I need also your opinion.
I see a possible correction down until 1.7600 based on the previous rejections. What do you think about it ? Should it go further up until going down ?
GBPCAD Daily - ShortSuccessful test of the deviation failure level with a close below the close of the previous 3 days.
Price is likely to move toward 1.7480 and beyond.
Invalidation above the high of the breakout bar.
Downward continuation Pound Cad will continue to the downside if price action remains under 1.7800. A break above this mark and the bearish channel, may alter the selling momentum. Continued stability, under the above mark, the pair may likely drop and regain some bullish pressure on the nearby lows as support.
first red day on gbpcadafter 5 days of rise last week. we are finally seeing sings of a reversal. we got a first red day .
Scenario GBPCAD continuation update levelsAccording to the previous prediction, I correctly calculated the short position and today it is just a continuation of this previous analysis with an adjustment of the level and a small description of the whole situation. With my eyes, we see resistance here at the price level of 1.78590. If the market does not break through, a peak has formed here, which ends with a triangle. For me, if there are no news that would reverse the trend, this position is short from my point of view. There may be an even smaller pull back, as I drew, we have the untested fibo level of 0.618, which is full of liquidity.
GBPCAD Faces Key Resistance on Daily ChartThe GBPCAD currency pair has been in a strong uptrend in recent months, primarily due to the British pound appreciating against the Canadian dollar. This trend has propelled the price to around 1.8070, the highest level since 2020, where it encountered significant resistance.
After hitting this peak, the price reversed and broke a long-term uptrend line, subsequently retesting this area, which is now acting as resistance. Currently, the price is showing signs of potential rejection at the 50% Fibonacci retracement level (1.7812), indicating selling pressure.
It's important to note that the recent bearish movement (from October 30 to November 22) was notably stronger than the preceding bullish movement (from October 3 to October 30), suggesting that sellers have gained momentum after reaching the resistance level on the daily chart.
Potential Sell Trigger
If the price drops below the 1.7740 mark, it could activate a sell signal, indicating a new bearish phase. The technical setup supports this possibility because:
A drop below 1.7740 would negate the previous bullish candle on the daily chart.
The 50% Fibonacci level has already shown resistance, signaling price rejection.
Sell Opportunity:
Entry: If the price manages to close below the 1.7740 in the daily chart. A good entry point could be considered between 1.7740 and 1.7715, a range of 25 pips, maximum.
Stop Loss: Above the high of the previous candle, at around 1.7860.
Primary Target: Support area around 1.7475.
Secondary Target: Extension to 1.7313, which aligns with a historical support zone.
Alternative Bullish Scenario
Conversely, if the price breaks above the 61.8% Fibonacci retracement at 1.7891, it could suggest that buyers are regaining control, potentially allowing the pair to reclaim recent highs at 1.8070 and move higher.
Bullish Signals:
If the daily manages to close above 1.7891.
Sustained movement above dynamic resistance.
A Stop Loss could be placed at 1.7750.
Primary target would be around 1.8070, the daily chart resistance.
Summary
The GBPCAD is at a pivotal point; a break below 1.7740 could lead to a sharp decline, while a breakout above 1.7891 could resume the upward trend. The next direction will hinge on the strength of market participants and confirmation of these critical levels.
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GBPCAD POSSIBLE SELLThe market is currently testing the current Weekly 0.618 Fib area. Based on 4HR TF, the market seems to be forming a possible reversal pattern.
We could see Buyers coming in strong should the current level hold.
Disclaimer:
Please be advised that the information presented on TradingView is solely intended for educational and informational purposes only.The analysis provided is based on my own view of the market. Please be reminded that you are solely responsible for the trading decisions on your account.
High-Risk Warning
Trading in foreign exchange on margin entails high risk and is not suitable for all investors. Past performance does not guarantee future results. In this case, the high degree of leverage can act both against you and in your favor.
GBPCAD Will Go Lower From Resistance! Sell!
Please, check our technical outlook for GBPCAD.
Time Frame: 45m
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is on a crucial zone of supply 1.783.
The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 1.780 level.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
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GBP/CAD BEARS ARE GAINING STRENGTH|SHORT
Hello, Friends!
GBP-CAD uptrend evident from the last 1W green candle makes short trades more risky, but the current set-up targeting 1.765 area still presents a good opportunity for us to sell the pair because the resistance line is nearby and the BB upper band is close which indicates the overbought state of the GBP/CAD pair.
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GBPCAD: Deep Correction After Breaking the Uptrend LineWelcome back! Let me know your thoughts in the comments!
** GBPCAD Analysis !
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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GBPCAD Sell Opportunity – Rising Wedge BreakdownA bearish setup is developing on GBPCAD, supported by the formation of a Rising Wedge pattern. This technical pattern suggests that bullish momentum is weakening, increasing the likelihood of a downside breakout.
Pattern Overview: Price action has been forming higher highs and higher lows within a narrowing range, indicating a loss of bullish strength.
Breakout Signal: A confirmed breakdown below the wedge's lower trendline would signal a shift toward bearish momentum and a potential move lower.
Entry Strategy: Enter a sell order after a confirmed breakout and retest of the lower trendline as resistance.
Stop Loss: Place above the most recent swing high inside the wedge to maintain a favourable risk-reward ratio.
Additional Notes:
Fundamental events, including economic releases or policy changes impacting GBP and AUD, could act as catalysts for this move. Watch for confirmation signals such as increased volume on the breakdown or bearish candlestick patterns.
GBPCAD is ready For a Long BuyHello Traders
In This Chart nzdcad 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
GBPCAD is ready For a BuyHello Traders
In This Chart nzdcad 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
GBPCAD long - volume is in favor of buyers so if price pulls back into Friday's VA and I see buyers stepping in , I'll look to go long on GC tomorrow.
GBP_CAD BEARISH CORRECTION AHEAD|SHORT|
✅GBP_CAD is about to retest a key structure level of 1.7881
Which implies a high likelihood of a move down
As some market participants will be taking profit from long positions
While others will find this price level to be good for selling
So as usual we will have a chance to ride the wave of a bearish correction
SHORT🔥
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GBP/CAD: Potential Buying Opportunity
The pair has pulled back from its resistance level at 1.77600 and found strong support, forming a short-term uptrend. A potential retest of the resistance level could occur, as the higher timeframe suggests a shift from a bearish to a bullish outlook.
gbpcad buying opportunity.OANDA:GBPCAD
buying opportunity for gbpcad. i always post after i get triggered on the retracement but usually price does not tap twice on the entry point thats why i have posted ahead of the time as i am gonna have entry on the retracment. the way i will enter is i am gonna be entering below the 50% of fibonacci retracement.
GBP-CAD Resistance Ahead! Sell!
Hello,Traders!
GBP-CAD keeps growing
Sharply and the pair is
Locally overbought so
After the retest of the
Horizontal resistance
Of 1.7878 a local
Bearish correction is
To be expected
Sell!
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GBPCAD is Brewing a Monster Move – Are You Ready or Getting LeftGBPCAD appears to be following a clear structure with identifiable waves and liquidity points. Based on the long-term projection, the pair seems to be progressing through corrective and impulsive waves, targeting significant levels. The chart suggests the possibility of a broader accumulation phase that leads to a strong move toward liquidity zones before a potential reversal.
Breakdown of Key Points:
Wave Structure Analysis:
The price structure is currently forming a complex corrective wave pattern.
The primary corrective wave (WXYXZ) is projected to potentially find support at lower fib retracement zones (e.g., 0.618 or 0.886 levels).
Significant Levels:
Resistance Zone: At the most recent weak swing high near 1.51943, where liquidity has likely accumulated.
Support Zone: The range near 1.16084 and 1.03327, which aligns with strong fib retracement zones and a divergence area.
Liquidity Observations:
The Sell-Side Liquidity Zone (SSL) near 1.314 marks a key area where traders may have stop-loss clusters, potentially acting as a magnet for price movements.
After sweeping these zones, momentum could shift strongly to the upside.
Long-Term Target:
The structure hints at a long-term push toward 1.5+ levels, but this depends on how price reacts to the liquidity sweep near 1.03327 or 0.71502 (if the deeper retracement unfolds).
What to Watch for:
Bounce Areas: Pay close attention to fib retracement levels at 1.16084 and below; these are critical potential reversal points.
Liquidity Sweep: Watch for a sweep of Sell-Side SSL (1.314) or deeper liquidity grabs to confirm stronger upward momentum.
Momentum Shift: Confirmation of bullish momentum through strong breakouts and holds above weak swing highs (like 1.51943).
Potential Risk:
If price invalidates by breaking below 0.71502, it would signal a deviation from this outlook, potentially continuing into uncharted bearish territory.
