CADGBP trade ideas
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
BULLISH SETUPGBPCAD is on overall ascending channel. So I'm waiting for it to tap into the so zone that is below the trendline support, then wait for bullish confirmation candle before I take a buy to the next zone. without that no buy setup for me.
GBPCAD SELL NOW !!!!!!!!!!!!!!!!!!!!1.2h
2downtrend
3resistance level
4rising wedge /bearish pannent
5rsi60/sto67/volpower loss and selling getting geround
6
7fibextern blue zone exoec
8fib retrac redzone breakout structure
9
10
11
12bearish divergence /
13bearish engulfin/three dark soldiers
14
Because of usa new tomorrow we wait to sell at the fibex blue zone above or execute below thehl of the bearish pannent (sell)
1.1h
2consolidation
3resistance
4symmentric expanding triangle
5rsi58/sto77/volbull insisting but a bearish signal s good to sell
6
7fibex
8fibretrac
9
10
11
12bearish divergence/
13doji spinning top/
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
Friday 31 jenaury
1 entry point as valided
Expecting retracement for the second entry
GBPCAD short term buy targeting 100 pips This is a buy setup based on strong support levels observed on the 15-minute and 30-minute timeframes. The trade aims for 80-100 pips with both take-profit levels aligned with previous resistance zones, increasing the likelihood of a solid reaction.
Our last trade on this pair resulted 150 pips in profits.
Recession for Progression? GBPCADA slow but a consistent rally has reached the 1.618 Fibonacci extension level. Price has been experiencing consolidation among this level, some may look at this as the "Distribution" phase before heading bearish.
However, looking at past price action it seems a correction could be due for GBPCAD, maybe as far as this 1.618 extension.
Until next time.
GBPCAD SHORTMY ANALYSIS ON GBPCAD
My Analysis on this pair::
Based on the current technical setup, this pair exhibits bullish structure; however, the price is testing a critical resistance zone coinciding with the 61.8% Fibonacci retracement level. While the broader trend appears upward, the confluence of resistance at this key Fibonacci level introduces significant downside risk, leading me to adopt a cautious bearish bias.
Given the conflicting signals between bullish momentum and strong resistance, I recommend exercising caution with position sizing if considering a contrarian bearish trade. Trading against the trend carries elevated risk, and adhering to strict risk management (e.g., tight stop-loss parameters) would be prudent in this scenario.
To refine this assessment, I would appreciate your perspective: Do you interpret this price action as a bullish continuation signal, or do you share concerns about potential rejection at the Fibonacci resistance? Your insights on this pair’s direction would be valuable.
GBPCAD SELL1day
2downtrend
3resistance level
4double top /triple top/
5rsi60/sto96/vol expection ceaeish sign at the zone
6
7fibex blue down move
8fibretra red down move
9
10
11
12
13bearish divergence
14bearish harami/tweer top/pierching bearish
15
1.4h
2downtrend
3resistance level
4double top
5rsi78/sto91/volbearish
6
7fiibex done at the perfect zone to sell
8fibretrac blue zone perfect zone to sell
9
10
11
12bearish divergence
13bearish expanding triangle
14 bearish flag pattern
1.2h
2downtrend
3resistance level
4rising wedge /bearish pannent
5rsi60/sto67/volpower loss and selling getting geround
6
7fibextern blue zone exoec
8fib retrac redzone breakout structure
9
10
11
12bearish divergence /
13bearish engulfin/three dark soldiers
14
Because of usa new tomorrow we wait to sell at the fibex blue zone above or execute below thehl of the bearish pannent (sell)
1.1h
2consolidation
3resistance
4symmentric expanding triangle
5rsi58/sto77/volbull insisting but a bearish signal s good to sell
6
7fibex
8fibretrac
9
10
11
12bearish divergence/
13doji spinning top/
GBPCAD SHORTI am favoring going short on the GBPCAD. Price delivered well toward the daily and weekly fractal then displaced away on the NYSE:HR timeframe which further solidifies my bearish view.
GBPCAD - Short TrendPrice has formed double top bearish divergence.
If price crosses down neckline, bearish trend will start.
Entry is at breakout of neckline.
SL is above last HH.
GBPCAD in bullish trend GBPCAD in bullish trend with bearish diversions, expected trend reversal, Entry with a sell stop manage risk accordingly RR .5%
GBPCAD A Fall Expected! SELL!
My dear friends,
GBPCAD looks like it will make a good move, and here are the details:
The market is trading on 1.7924 pivot level.
Bias - Bearish
Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market.
Goal - 1.7785
Recommended Stop Loss - 1.8018
About Used Indicators:
Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis
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WISH YOU ALL LUCK
GBP/CAD SELL SETUPthis is gbp/cad analysis,as we can see price is at supply zone to fill some imbalance that was left when price move to the downside at the moment there is change in market structure has already happen indicating that the pullback is almost over before bears come in the market.in 4 hour time frame there is a clear hammer candle showing sellers momentum.
GBP/CAD Daily AnalysisSince forming a double bottom (reversal) at 1.7500, buyers have been in total control of the GBP/CAD market.
Now we may see a correction/retracement play out before the next move up.
An area of interest is 1.7750 which has previously acted as support.
There is a Bank of Canada rate statement on Wednesday.
GBPCAD (288m): DT TECHNICAL ANALYSISTREND OVERVIEW
The current structure indicates a downtrend after reaching a recent pivot high. Price is reacting to key resistance zones, with multiple sell orders placed at strategic levels. The GBPCAD 288m chart highlights a well-defined trade structure with clear resistance and support zones. A short position remains favorable unless price breaks and holds above 1.8001. Watch for reactions at mid-pivot and TP zones to gauge momentum. Stay patient and trade with discipline.
KEY LEVELS & TRADE SETUP
Sell Zones:
Primary Sell Order: 1.7920
Secondary Sell Order: 1.7974
Pivot High Stop Loss: 1.8001
Take Profit Levels (Short Positions):
TP 1: 1.78165
TP 2 (Mid Pivot): 1.77297
TP 3: 1.76657
TP 4: 1.75668
Buy Zones (Potential Reversal Areas):
Primary Buy Order: 1.75430
Secondary Buy Order: 1.74853
Pivot Low Stop Loss: 1.74582
ANALYSIS & OUTLOOK
Price action suggests a potential shorting opportunity near the pivot high.
If price rejects resistance levels, expect downside continuation towards mid-pivot and lower TP targets.
Buyers may step in near 1.75430, but further confirmation is required before a reversal is confirmed.
Stop-loss placement at 1.80011 ensures protection against trend invalidation.
TRADING STRATEGY
Bearish Bias: Look for short entries at sell order levels with TP at 1.76657 and below.
Bullish Recovery Zone: Potential long setup near 1.75430 if bullish momentum develops.
Risk Management: Maintain discipline by adhering to stop-loss placements to mitigate risk.
GBPCAD - Idea for a buy !!Hello traders!
‼️ This is my perspective on GBPCAD.
Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I look for a long. My point of interest is imbalance filled + rejection from bullish OB and institutional big figure 1.78000.
Fundamental news: Tomorrow (GMT+2) we will see results Interest Rate on CAD. News with high impact on currency.
Like, comment and subscribe to be in touch with my content!
POTENTIAL SHORT TREND Price created LL and lh breaking structure at 78964, then pulled back to for a retracement to gather momentum for a short trend.
It earlier to swing into sell right now, a look at candle print out indicates upside liquidity is not yet fully taken out, which i highlighted with an arc, because of inefficiency created around 78924 up to 79172.
Price will have to take out those liquidity lying around before further downward movement.
Target would be 78964
POTENTIAL SHORTPrice was making HH and HL, broke structure to create new low around 78704. Imbalance (inefficiency) was created as result of that break out, with upside retracement on going to fill that liquidity up to 79162.
Expect massive downward movement as a result of large gap opened up by market structure and target would be 78026
GBPCAD BEARISH FOR 1000PIPSFundamental Drivers for GBPCAD Bearish Move
Weakness in the British Pound (GBP):
The British economy has faced challenges due to factors like:
Post-Brexit Trade and Economic Struggles: Ongoing economic issues related to the UK's departure from the EU (Brexit) could weaken the GBP. Supply chain disruptions, inflation, and labor shortages are some of the lingering effects.
Bank of England's Monetary Policy: If the Bank of England (BoE) remains dovish or adopts a less aggressive stance on interest rates compared to other central banks (like the Federal Reserve or European Central Bank), this could make the GBP weaker.
Political Uncertainty: Any political instability or leadership changes in the UK could further impact the pound's performance.
Strength in the Canadian Dollar (CAD):
Several factors could push the Canadian Dollar higher relative to the GBP:
Oil Prices: As Canada's economy is heavily linked to oil exports, a sustained rise in oil prices (WTI) could boost the CAD. A strong global demand for oil or supply-side disruptions could lead to CAD strength.
Monetary Policy of the Bank of Canada: If the Bank of Canada (BoC) adopts a hawkish stance or signals a tightening of monetary policy while the BoE remains dovish, the CAD would outperform the GBP.
Strong Economic Data from Canada: Better-than-expected GDP growth, employment numbers, or trade balance could support CAD strength.
Global Risk Sentiment:
If global risk sentiment shifts towards safer assets (e.g., commodities), the CAD could gain more strength. Additionally, if there's a risk-off environment with rising global tensions, the CAD might benefit due to its commodity-backed nature.
2. Technical Analysis for GBPCAD Bearish Move
Resistance Levels:
GBPCAD could be facing key resistance at a certain price level, and if it fails to break through, that could trigger a bearish reversal. For example, if the pair has repeatedly failed to sustain levels above a certain resistance zone (e.g., 1.7000 or higher), this could signal that the market is losing bullish momentum and the pair could trend lower.
Trendlines and Chart Patterns:
A clear downtrend, with lower highs and lower lows, could indicate a bearish continuation. Additionally, chart patterns like a descending triangle or head-and-shoulders formation could signal a breakdown and push GBPCAD lower.
Moving Averages:
A crossover of a short-term moving average (like the 50-day MA) below a longer-term moving average (like the 200-day MA) could indicate a bearish crossover, which might signal further downside.
RSI or MACD Divergence:
If indicators like the Relative Strength Index (RSI) or the Moving Average Convergence Divergence (MACD) show bearish divergence (i.e., while price continues to climb, the indicator shows weakening momentum), it could signal that the trend is losing strength and a reversal is imminent.
Fibonacci Levels:
If the market has recently made a significant move upward and is now retracing, key Fibonacci levels like the 38.2% or 61.8% retracement could serve as resistance zones where a reversal to the downside could take place.
3. Geopolitical or External Events
Oil Price Dynamics:
As mentioned, the CAD is heavily influenced by oil prices. A surge in oil prices could strengthen CAD against the GBP, pushing GBPCAD lower. If global oil demand rises or there's a supply disruption, CAD could outperform GBP.
Global Economic Outlook:
A positive outlook for global growth (which often boosts commodity currencies like the CAD) could be a catalyst for a bearish move in GBPCAD, especially if it contrasts with weakening growth in the UK.
4. Potential Catalysts for a 1,000-Pip Move
Interest Rate Differentials:
If the BoC raises rates while the BoE stays put or becomes more dovish, the differential between Canadian and British rates could widen significantly, causing capital to flow into the CAD and away from the GBP.
Economic Data Surprises:
A surprising economic release from Canada (such as a strong GDP report, higher-than-expected employment data, or a trade surplus) could give the CAD a boost, while disappointing data from the UK (such as lower growth or inflation figures) could weaken the GBP, further supporting your bearish outlook.
Breakout of the Bullish momentumAs we can see, the price is currently controlled by buyers after a reversal on the Demand level. price also broke through our Previous low(Morubozu candlestick) this indicates a strong bullish momentum meaning there's also a High chance that the market will breakout above our Solid High and that would indicate that buyers are still pushing the price higher.
As a day trader, It would be advisable to enter after the break above on the Solid high to confirm buyers, and our TP's should be on the Supply level as that's where the Market might reverse
GBPCAD-SELL strategy 6 hourly chartthe pair is overbought, and my view remains unchanged. i feel we will see 1.7817 short-term or slightly deeper correction.
Strategy SELL @ 1.7905-1.7940 and take profit near 1.7837 for now. Maintain acceptable leverage is the game for any position as a note.
