GBPCAD.1.MINI trade ideas
GBP/CAD BULLS ARE STRONG HERE|LONG
Hello, Friends!
Bearish trend on GBP/CAD, defined by the red colour of the last week candle combined with the fact the pair is overbought based on the BB upper band proximity, makes me expect a bearish rebound from the resistance line above and a retest of the local target below at 1.779.
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GBPCAD BuysOn the monthly time frame, GBP/CAD appears to have tapped liquidity and is showing signs of reversing upwards, indicating a potential bullish trend. A rising trend line, respected since April, has been touched more than three times and is currently reacting positively on both the weekly and daily time frames. The last two daily candles have closed bullish, and today’s candle has already broken yesterday’s high. Additionally, the pair is sitting on a support level on the daily chart, further confirming bullish momentum. Given these factors, I’m confident in taking a buy position, targeting the previous high with a risk-reward ratio of 1:1.5, with potential for a higher high later.
GBPCAD Will Fill Its Intraday GapToday's economic data has created a massive intraday gap in GBPCAD (and other currency pairs).
Such gaps are almost always closed within a reasonable period of time, which is why we are now taking a long position in GBPCAD.
GBPCAD | SELLHi traders, first setup Im looking into for the week.
We can see a market structure shift that has recently happened which also left a FVG.
What Im looking to see here is rejection candles in this area as signals to go to 15min and look for entries
GBPCAD BUY TRADETrend Analysis: The pair is showing signs of a potential bullish reversal. The price has recently bounced off a strong support level and is forming higher lows, indicating a possible uptrend2.
Moving Averages:
MA5: 1.7908 (Buy)
MA10: 1.7912 (Buy)
MA20: 1.7929 (Buy)
MA50: 1.7972 (Buy)
MA100: 1.8005 (Buy)
MA200: 1.7997 (Buy)1
Technical Indicators:
RSI (14): 63.239 (Buy)
MACD (12,26): 0.003 (Buy)
ADX (14): 32.014 (Buy)
Williams %R: -13.123 (Overbought)
CCI (14): 103.4106 (Buy)1
Support and Resistance Levels:
Support: 1.7882, 1.7896, 1.7903
Resistance: 1.7916, 1.7923, 1.79361
Overall, the technical indicators and moving averages suggest a strong buy signal for GBP/CAD on the H4 chart. The bullish trend appears to be gaining momentum, with key resistance levels being tested.
Butterfly Pattern StructureThe Butterfly Pattern is formed as follows:
Point X: The starting point of the movement.
Point A: The first peak or trough that the price reaches.
Point B: The price correction from Point A, usually located around 78.6% of XA.
Point C: The subsequent correction, which should be between 38.2% and 88.6% of AB.
Point D: The final point, typically found within the range of 161.8% to 261.8% of BC.
This structure allows traders to predict potential price reversal points at Point D.
GBPCAD: Trend in daily time framePlease pay special attention to the very accurate trend, colored levels.
Be careful
BEST
MT
GBPCAD: Bullish Trend GBPCAD is moving in uptrend and currently its testing trend line and also formed Bullish Divergence on 1hr time frame, so we can take a long trade on CMP with proper risk management. and as per fundamental CAD is also bearish trend.
GBPCAD SHORTS- Yearly resistance and liquidity area
- Weekly candle did not have a pullback when reaching resistance
- 5th touch of daily trendline
- Psych level 1.80750
- Daily double top
- 4hr quadruple top
GBPCAD: Bearish Outlook After News 🇬🇧🇨🇦
GBPCAD may continue falling after a release of US unemployment data.
With a high probability, the price will reach 1.771 level.
As a confirmation, I see a strong bearish reaction to a recently broken
horizontal resistance that turned into support now.
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GBPCAD - Bullish Continuation SignalGBPCAD has been trading within a bullish channel on the weekly timeframe, recently awaiting key interest rate news to confirm its direction. The Canadian dollar saw a 25 bps rate cut yesterday, which has weakened it further, adding to the existing bullish momentum in GBPCAD.
Technically, a Cup & Handle pattern has formed near a key resistance level, indicating potential for continued upward movement. A break above 1.78849 would confirm a bullish continuation, providing a favorable buying opportunity. It is advisable to place a stop loss at the previous higher low to manage risk effectively.
GBPCAD Shows Bullish Momentum, Targeting 1.7850GBPCAD is currently trading at 1.7790 and seems likely to continue its upward movement towards 1.7850. The pair has established support around the 1.7700 level. However, strength is already evident from 1.7730, suggesting that buyers are stepping in before it reaches the key support zone. This early buying pressure could push the price higher without revisiting the support level.
GBP CAD.. BEARISH STRUCTURE Monitor those supply zones and look for sell entries . news upcoming. be careful
orange 10.04 2024 Day tradingIn the Black Swan harmonic pattern, the expected price reversal at point D typically ranges between 50% to 100% of the XA movement.
This will be one of today's daily trade
Credit up to 20 hours
GBP-CAD Risky Long! Buy!
Hello,Traders!
GBP-CAD is falling down
But the pair will soon hit
A strong rising support
Line from where we will
Be expecting a local
Bullish move up
Buy!
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GBPCADEVERYTHING ON CHART
please check my pre idea so you can understand better
signals and analsys are free... and always will be
Sell gbpcad As our first analysis already in 200 pips profit
Now lil.. demand level
Just let the break this zone then we will enter againg
Dovish BOE Smashing GBP's This AM (GBPCAD Plans)Weakness feeding through various GBP Forex pairs is bringing about some key levels.
Any longs, make them light.
Further levels lower for key hedges if need be due to extremity of upmove.
Falling towards 61.8% Fibonacci support?GBP/CAD is falling towards the support level which is a pullback support that aligns with the 61.8% Fibonacci retracement and could reverse from this level to our take profit.
Entry: 1.7694
Why we like it:
There is a pullback support that aligns with the 61.8% Fibonacci retracement.
Stop loss: 1.7578
why we like it:
There is a pullback support level that lines up with the 78.8% Fibonacci retracement.
Take profit: 1.7868
Why we like it:
There is an overlap support level.
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A possible good sell on GBPCADTrend lines have a magical power to them.
And this is a very very interesting chart, in my opinion, especially, for sell entries.
Once again, yes, there is a massive up trend. I know. Any one can see that. But what about reversals, trend changes, pivot moves, etc.
I believe trend lines and horizontal levels must be the guiding light for us on the tumultuous surface of the ocean of Forex trading.
Yes, yes, yes, the price can go upwards from here on. Of course, yes, because it is GBP after all which is the queen of base currencies, I would say, but those trend lines have the magical powers to them. Remember that!
Coming to the setup itself :-) if the price breaks below a trend line, espeically, on the lower time frame, a possible break out is probable, on the upside or to the lower side, whichever the case may be.
On this chart, if the price breaks below a trend line, wait for it to go back up to it to retest it, and enter there.
At the same time, the price can also bounce off the trend lines just like horizontal levels. Watch out for that as well.
Risk is always there. Risk will always be there. Life is risky, as they say. You are not getting out alive, any way!
GBPCAD is rising.GBPUSD is rising from support and E-POI.
Support is between 1.79018 and 1.78803
E-POI is between 1.79119 and 1.78884
Entry point :- 1.79307
Take profit :- 1.80226
Stop loss :- 1.78400
GBP_CAD LONG FROM SUPPORT|
✅GBP_CAD has retested a key support level of 1.7850
And as the pair is already making a bullish rebound
A move up to retest the supply level above is likely at 1.7950
LONG🚀
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