#GBPCAD:Last Idea +400 Pips Up! Here is second entryIn our last analysis, the GBPCAD currency pair showed a smooth move. The price hit support levels, which means it might keep going up. We think it’ll go up by about 600 pips and might reach the 1.90 area.
Since there aren’t many places to stop for this trade, it’s important to set take profit levels based on your risk management plan.
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GBPCAD trade ideas
GBPCAD IS BULLISH OR BEARISH DETAILED ANALYSISGBPCAD is currently presenting a high-probability bullish setup after a textbook inverse head and shoulders formation on the 12H chart. Price is now hovering around 1.8457 and has just broken out above the descending trendline acting as neckline resistance. This structural shift, combined with clean bullish price action, signals the potential beginning of a fresh upward leg toward the 1.8976 region, a prior key supply zone and the projected target based on the measured move technique from the pattern.
From a fundamental standpoint, the British Pound is supported by hawkish BoE rhetoric and stronger-than-expected UK inflation data. Sticky core CPI and a robust labor market are keeping interest rate expectations elevated, which strengthens GBP across the board. In contrast, the Canadian Dollar remains under pressure due to softer oil prices and the Bank of Canada's dovish stance as it flirts with rate cuts in upcoming meetings. This macro divergence is fueling the momentum in GBPCAD’s favor, making it a favored pair for swing longs.
Technically, the pair is forming higher lows with increasing volume, which adds confidence to the breakout. The risk is well defined below 1.8198, making this an attractive trade with a solid 1:2+ reward-to-risk profile. As price continues to respect bullish market structure, any pullback toward the neckline could offer a prime re-entry zone for continuation traders.
This setup aligns with highly searched price action strategies such as “inverse head and shoulders breakout,” “neckline retest,” and “GBP strength vs CAD weakness.” With both technical and fundamental confluence pointing in the same direction, GBPCAD is set up for a potentially profitable swing opportunity heading into May.
CHECK GBPCAD ANALYSIS SIGNAL UPDATE > GO AND READ THE CAPTAINEntry Zone: Around 1.84990 (current price level) ✅
Stop Loss: 1.85150❌
Take Profit 1: 1.84800✅
Take Profit 2: Not explicitly labeled, but visually it seems around 1.84680✅
Last Target: 1.84550✅
TECHNIAL ANALYSIS SATUP ✅
FALLOW RISK MANAGEMENT ✅
Bullish rise?GBP/CAD is reacting off the pivot and could rise to the pullback resistance that lines up with the 78.6% Fibonacci projection.
Pivot: 1.8469
1st Support: 1.8316
1st Resistance: 1.8741
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GBPCAD May Form a Broadening Wedge Ahead of BOC DecisionGBPCAD May Form a Broadening Wedge Ahead of BOC Decision
GBPCAD appears to be shaping into a Descending Broadening Wedge Pattern. The price hit strong resistance near 1.8400 and could continue moving lower, forming the C wave of the pattern.
The main driver for this setup is the upcoming Bank of Canada (BOC) interest rate decision on April 16, 2025. Markets expect BOC to hold rates at 2.75%, but a 25 bps cut to 2.5% is still a possibility.
If BOC does lower rates, they may issue a hawkish statement, which could strengthen CAD—though this scenario won’t be straightforward.
We'll have to wait and see how the market reacts.
You may find more details in the chart!
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GBP/CAD Approaches Major Resistance – Potential Short OpportunitGBP/CAD is currently testing a resistance and round psychological zone 1.84996 - 1.85000, which has acted as a strong supply area in previous attempts. The pair has repeatedly failed to break above this zone, showing clear signs of bearish rejection via wicks and bearish engulfing candles.
Key Confluences for a Sell Setup:
• Resistance Zone: Price is consolidating below the H1 supply zone, forming multiple rejections.
• 50 EMA (Daily): Price is currently hovering around the 50 EMA, suggesting potential for downward momentum if it holds as resistance.
• Bearish Structure: The pair made a lower high recently, and failure to break the current resistance could confirm a bearish continuation pattern.
• Bearish Wick Rejections: Candles are leaving long upper wicks near the resistance, indicating strong seller presence.
Sell Zones:
• Entry Zone: 1.8500 – 1.85249 (ideal for entries with bearish confirmation)
• Stop Loss Zone: Above 1.85500 (to cover liquidity grabs)
Target Zones:
• TP1: 1.83478 – 1.83240 (first reaction zone near recent structure and EMA support)
• TP2: 1.80926 (previous demand zone and daily structure support)
Bias: Bearish below 1.85249. Watch for confirmation signals like bearish engulfing, pin bars, or break of minor support levels on lower timeframes.
Lingrid | GBPCAD pullback Creating BULLISH Opportunity FX:GBPCAD market is pulling back after making higher highs. On the current timeframe the market is bullish as well as on the daily timeframe. The price is heading toward the psychological level at 1.83000 and possibly lower border of the upward channel. If the price retests the support level and Tuesday's low, this would be the best zone to consider to go long. I think the market will continue pushing to higher levels since the price cleared the area above the previous week's high.
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GBPCAD INTRADAY downtrend capped at 1.8532The GBPCAD pair is exhibiting a bearish sentiment, reinforced by the ongoing downtrend. The key trading level to watch is at 1.8532 which represents the current intraday swing high.
In the short term, an oversold rally from current levels, followed by a bearish rejection at the 1.8532 resistance, could lead to a downside move targeting support at 1.8280 with further potential declines to 1.8150 and 1.8040 over a longer timeframe.
On the other hand, a confirmed breakout above the 1.8532 resistance level and a daily close above that mark would invalidate the bearish outlook. This scenario could pave the way for a continuation of the rally, aiming to retest the 1.8590 resistance, with a potential extension to 1.8650 levels.
Conclusion:
Currently, the GBPCAD sentiment remains bearish, with the 1.8530 level acting as a pivotal resistance. Traders should watch for either a bearish rejection at this level or a breakout and daily close above it to determine the next directional move. Caution is advised until the price action confirms a clear break or rejection.
This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
GBPCAD MARKET OVERVIEWGBPCAD appears has Bullish pattern due to the recent dormition for a support now price will hitting the strong resistance zone could continue move up the main driver suturing is coming bank of Canada interest rate diction market will expect BOC to hold rates at 2.75% but 25 bps cut to 2.5% is still a possibility.
Resistance level 1.84500 / 1.85500
Support Levels 1.83700 / 1.8300
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GBPCAD: Short Trading Opportunity
GBPCAD
- Classic bearish setup
- Our team expects bearish continuation
SUGGESTED TRADE:
Swing Trade
Short GBPCAD
Entry Point - 1.8517
Stop Loss - 1.8601
Take Profit - 1.8348
Our Risk - 1%
Start protection of your profits from lower levels
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GBPCAD The Target Is DOWN! SELL!
My dear followers,
This is my opinion on the GBPCAD next move:
The asset is approaching an important pivot point 1.8481
Bias - Bearish
Safe Stop Loss - 1.8552
Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market.
Goal - 1.8357
About Used Indicators:
For more efficient signals, super-trend is used in combination with other indicators like Pivot Points.
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WISH YOU ALL LUCK
GBPCAD Will Move Lower! Short!
Here is our detailed technical review for GBPCAD.
Time Frame: 6h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a significant resistance area 1.835.
Due to the fact that we see a positive bearish reaction from the underlined area, I strongly believe that sellers will manage to push the price all the way down to 1.820 level.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
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GBPCAD Will Go Lower! Short!
Please, check our technical outlook for GBPCAD.
Time Frame: 9h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The price is testing a key resistance 1.851.
Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 1.834 level.
P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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A SNAPSHOT OF GBPCADWe could spot an immediate up trend on GBPCAD on the H4 time frame, the overall bullish dominance is conspicuous with the formation of HHs and HLs.
However, prices were resisted around 1.8527 levels which happened to be three weeks high.
Price is currently resting above EMA 50 which serves as support and likely adds credence to the bullish trend. From technical perspective, analysts expect another throw to take out the preceding high of 1.8527, with potential target around 1.8638 for the uptrend to continue. On the flipside, if the support level of 1.8315 is taken out, that would validate a reversal of the trend with potential target around 1.8243 and 1.8115. Break out of these levels are not ruled out as per analyst.
UPCOMING CATALYST:
From the radar, Bank of England Governor Andrew Bailey is scheduled to speak today, April 23rd, 2025, at 9:15 PM GMT+4 at institute of international Finance in Washington DC.
Meanwhile, on the 16th of April, inflation rate in the UK dropped to 2.6% y/y, lowest since October and as such, this increased expectations for lowering rate and analyst has projected about four rates cut in the year 2025 if inflation continue to decline. The next rate meeting scheduled for May 8th might likely be ushering in another rate cut according to analysts.
Furthermore, Retail sales data for both economies would be on the wire on Friday, the 25th. These data points could trigger market volatility, offering both risks and potential trading opportunities.
The GBPCAD is Unstoppable due to Strong Up TrendGBPCAD H4 Analysis 📈
NZD AND AUD are linked with each other not directly but indirectly.
That's why if AUD weak then NZD is also weak and now as you can see these 4 pairs are going up without any retracement.
The pair is moving in a similar way like GBPAUD.
The red zone is a support zone a and last the the market was pumped from the same zone.
If The markets holds on the red zone or holds above the red zone , it will be a confirmation of buy .
If the markets breaks the red zone in the downside direction then but setup is no more valid.
The pair is looking to retest its higher resistance points according to the Weekly time frame.
GBPCAD – Bullish Setup (1H Divergence)✅ Setup Summary:
Timeframe: 1 Hour
Signal: Bullish Divergence
Bias: Short-term bullish – Potential reversal or corrective bounce
🔍 Technical Breakdown:
Divergence Present:
Price made a lower low, while RSI/MACD made a higher low
→ Sign of bearish momentum weakening
Support Area:
Price reacting near a previous demand zone or horizontal support
Candlestick Clue:
Watch for bullish engulfing, hammer, or structure break
📈 Trade Plan – LONG
Entry:
On confirmation from bullish candle
Or break of minor 1H resistance or trendline
Stop-Loss:
Below the divergence swing low
Target:
TP1: Last 1H high
TP2: Fib 0.5 or 0.618 retracement of recent bearish move
R:R Ratio: Minimum 1:1.5
⚠️ Watch Out For:
GBP or CAD news (e.g. oil prices affecting CAD)
Break below divergence low = invalidates the setup
Best paired with a break of internal structure
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