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GBPCAD trade ideas

GBP/CAD – Potential Reversal GBP/CAD is showing signs of exhaustion after a strong rally. Price has hit resistance around 1.87, and rejection at this level aligns with my short setup. 🔹 Reasons for the Short: ✔️ Price struggling to break above key resistance. ✔️ Overbought conditions on the Stochastic Momentum Index (SMI). ✔️ Volume declining, signaling potential weakness in bullish momentum. 🎯 Target: 1.8146 🛑 Stop Loss: 1.8796 If price fails to hold this level, we could see a deeper pullback. Watching closely for further confirmation! What’s your take on GBP/CAD? 🔥👇 #GBPCAD #ShortTrade #Forex #TechnicalAnalysis #Trading
Short
by EhsanAtai
3
GBP-USD Bearish Breakout! Sell Limit! Hello,Traders! GBP-USD was trading in an Uptrend and the pair was locally Overbought so as we are seeing A bearish breakout we are Locally bearish biased And we can set a Sell Limit Order at 1.8649 with the Target being 1.8465 And the Stop Loss at 1.8773 Slightly above the local high Sell! Comment and subscribe to help us grow! Check out other forecasts below too! Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Short
by TopTradingSignals
1
GBPCAD Will Move Lower! Sell! Please, check our technical outlook for GBPCAD. Time Frame: 1D Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a key horizontal level 1.865. Considering the today's price action, probabilities will be high to see a movement to 1.822. P.S We determine oversold/overbought condition with RSI indicator. When it drops below 30 - the market is considered to be oversold. When it bounces above 70 - the market is considered to be overbought. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. Like and subscribe and comment my ideas if you enjoy them!
Short
by SignalProvider
1
GBPCAD INTRADAY sideways consolidation supported at 1.8516The GBP/CAD currency pair price action sentiment remains bullish, supported by the prevailing long-term uptrend. Recent intraday movements indicate sideways consolidation near the previous resistance level, which has now become a new support zone. Key Levels and Price Action The critical trading level to watch is 1.8516, representing the previous consolidation price range. A corrective pullback to this level, followed by a bullish rebound, could signal continued upward momentum. In this scenario, the pair may aim for upside resistance levels at 1.8720, 1.8780, and 1.8900 over the longer timeframe. Conversely, if the 1.8516 support level fails to hold and a confirmed daily close occurs below this level, the bullish outlook would be invalidated. This could lead to a deeper retracement, targeting the 1.8417 support level, followed by 1.8350 and 1.8285. Conclusion The sentiment remains bullish as long as the 1.8516 support level holds, with potential upside targets at 1.8720, 1.8780, and 1.8900. A confirmed breakdown below 1.8516 would shift the outlook to bearish, signaling a move towards 1.8417, 1.8350, and 1.8285. Traders should carefully monitor daily closing levels to assess potential sentiment shifts and trading opportunities. 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.
by TradeNation
Trade Recap: GBP/CAD Long PositionTrade Recap: GBP/CAD Long Position Trade Details: Entry: January 15, 2025, at 1.75042 Stop Loss: 1.73868 Take Profit: 1.8251 Pips Gained: Approximately 1008 pips Technical Analysis: Trend: Upward momentum observed Oscillators: Oversold conditions indicated a potential reversal Fundamental Analysis: GBP: Positive outlook due to higher government and consumer spending expected to aid the UK's economic recovery in 2025 FT.COM CAD: Bearish sentiment as the Bank of Canada cut interest rates by 50 basis points to 3.25% on December 11, 2024, despite adopting a more hawkish stance REUTERS Outcome: Result: Trade reached the take profit target, securing a gain of approximately 1008 pips Note: Trading involves significant risk. Past performance does not guarantee future results.
Long
by Wainainarobert
Bullish momentum to extend?GBP/CAD is falling towards the pivot and could bounce tot he 1st resistance which is a pullback resistance. Pivot: 1.8515 1st Support: 1.8403 1st Resistance: 1.8751 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
GBPCAD INTRADAY sideways consolidation supported at 1.8516The GBP/CAD currency pair price action sentiment remains bullish, supported by the prevailing long-term uptrend. Recent intraday movements indicate sideways consolidation near the previous resistance level, which has now become a new support zone. Key Levels and Price Action The critical trading level to watch is 1.8516, representing the previous consolidation price range. A corrective pullback to this level, followed by a bullish rebound, could signal continued upward momentum. In this scenario, the pair may aim for upside resistance levels at 1.8720, 1.8780, and 1.8900 over the longer timeframe. Conversely, if the 1.8516 support level fails to hold and a confirmed daily close occurs below this level, the bullish outlook would be invalidated. This could lead to a deeper retracement, targeting the 1.8417 support level, followed by 1.8350 and 1.8285. Conclusion The sentiment remains bullish as long as the 1.8516 support level holds, with potential upside targets at 1.8720, 1.8780, and 1.8900. A confirmed breakdown below 1.8516 would shift the outlook to bearish, signaling a move towards 1.8417, 1.8350, and 1.8285. Traders should carefully monitor daily closing levels to assess potential sentiment shifts and trading opportunities. 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.
by TradeNation
GBP/CAD The bias for GBP/CAD on the 4-hour chart is currently leaning toward a short position, with the expectation that the price will dip to retest a key demand zone before resuming its upward movement. This outlook is supported by recent price action, where the market has shown signs of consolidating below previous highs, indicating potential exhaustion of upward momentum. A pullback to the demand zone offers a logical opportunity for a price retracement, where buyers may step in and drive the price higher. We are watching for a potential reversal at this demand area, which could provide a favorable entry point for long positions, anticipating a strong rally once the price bounces from this key support level.
Long
by juanperez2383
GBP/CAD Bearish Setup📉 Bearish Outlook on GBP/CAD – Here’s Why I’m Shorting! 📉 🔎 Fundamental Analysis: CAD Strength Incoming? 1️⃣ Canada’s Economic Data Shows Mixed Signals Strong Ivey PMI (55.3 vs. 49.2 forecast) ✅ Weak employment numbers (-19.7k full-time jobs) ❌ 25% U.S. tariffs on Canada → CAD at risk, but sentiment still holds. 2️⃣ GBP Faces Headwinds BOE’s Dovish Stance keeps rate cut expectations on the table. UK economic growth concerns limiting GBP upside. 3️⃣ Risk Sentiment Supporting CAD If oil prices stabilize, CAD could gain further. Markets adjusting to trade war concerns—watch USD/CAD for clues! 📊 Technical Breakdown – GBP/CAD Short Setup 🔹 Price Rejected from Key Resistance near 1.7250-1.7300 🔹 Bearish Engulfing Candle forming on H1/H4 timeframe 🔹 50 SMA Crossing Below 200 SMA = Bearish Momentum Confirmed! 🔥 🔹 RSI Showing Bearish Divergence → Momentum weakening! 🎯 Target Zones for the Short: ✅ TP1: 1.7100 (Key support level) ✅ TP2: 1.7000 (Major psychological level) 🚨 SL: 1.7350 (Above recent highs)
Short
by FaithdrivenTrades
1
GBPCAD Wave Analysis – 10 March 2025 - GBPCAD rising inside minor impulse wave 3 - Likely to reach resistance level 1.8800 GBPCAD currency pair continues to rise inside the minor impulse wave 3, which belongs to the sharp intermediate impulse wave (3) from last year. The price earlier broke through the key resistance level 1.8230 (a former multi-month high from December) –which accelerated the active impulse waves iii, 3 and (3). Given the clear weekly uptrend, GBPCAD currency pair can be expected to rise to the next resistance level 1.8800 (target price for the completion of the active impulse wave (3)).
Long
by FxProGlobal
GBPCAD: One More Wave Ahead?! 🇬🇧🇨🇦 GBPCAD is positioned to continue rising to new highs. A bullish breakout of a neckline of the ascending triangle pattern on a 4H time frame provides a strong trend-following bullish signal. With a high probability, the price will reach 1.868 level soon. ❤️Please, support my work with like, thank you!❤️ I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Long
by VasilyTrader
2