GBPCAD trade ideas
GBPCAD-BULLISH IDEAGBPCAD is in a bull run as it diluted its previous bearish divergence and printed new HH and HL so,tske a entry on its 0.5% retracement at trendlind.
GBP/CAD Analysis – Key Levels & Trade Scenarios📊 Timeframe: Weekly (1W) | Current Price: ~1.8391
📈 Bullish Context:
Resistance at 1.8391:
Price is testing a strong supply zone (dark red area).
A breakout above this level could open the door to further upside.
Support at 1.8233 & 1.7677:
1.8233: Short-term support where buyers have stepped in.
1.7677: Major support level, previously tested multiple times.
📉 Current Outlook:
Price has aggressively moved up, breaking through previous resistances.
Approaching a critical resistance area, where rejection is possible.
If a rejection occurs, a retracement toward 1.8233 or 1.7677 could be seen.
📈 Trade Setups:
🔼 Long (Breakout Play):
Entry: Above 1.8400 with confirmation.
Target 1: 1.8600
Target 2: 1.8800
Stop Loss: Below 1.8230 to avoid fakeouts.
🔻 Short (Rejection Scenario):
Entry: Bearish rejection from 1.8391 with confirmation.
Target 1: 1.8233
Target 2: 1.7677
Stop Loss: Above 1.8450.
📌 Final Thoughts:
GBP/CAD is at a critical resistance; a breakout could lead to new highs.
A rejection would confirm a pullback toward support levels.
Key macroeconomic data may impact momentum and direction.
GBPCAD’s Bullish Surge: What’s Next? 💹 The GBPCAD has been in a strong bullish trend, reaching into previous highs on the daily timeframe—a key liquidity zone! 💰 This is a crucial area where smart money may take profits or induce a retracement before the next move.
📉 Given that price is currently overextended, I’m not looking to buy at these highs. Instead, I’ll be watching for a potential pullback into an unresolved imbalance, where we could see a high-probability long setup—if price action confirms the move. 🧐
💡 Patience is key in trading. Chasing price at extreme levels often leads to significant losses. I’ll be waiting for the right conditions to align before looking for an opportunity.
⚠️ Not financial advice. Always trade responsibly!
📊 Let me know your thoughts in the comments below.. 👇
GBPCADBroke out of my H4 resistance and retested. If H1 bullish flag holds then we can see buys this week
GBPCAD is in the bearish direction
Hello Traders
In This Chart gbpcad 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 PRINTING REVERSAL Technically:
GBPCAD is printing double top
GBPCAD is printing bearish divergence
GXY is bearish
CXY is bullish
GBP/CAD Long SwingGbp/Cad is trading currently at significant resistance level. Many traders are expecting price to drop from here and sentiment is on downside. But looking at current priceaction and fundamentals connected to canadian dollar. I personaly expect prices to go higher from here. First target are highs from May 2018.
Looking on monthly and weekly timeframes we can cleary see momentum to upside and during last two weeks there has been only buying and no selling, plus looking on latest COT reports institutions are heavly selling CAD. If this level holds it's a good sign for more upside.
GBPCAD is BearishPrice was in a strong uptrend, however a bearish divergence on hourly time frame hints the return of bears. If previous higher low is broken successfully then we can expect a bearish reversal as per Dow theory. Targets are mentioned on the chart.
GBP/CAD BEARS ARE GAINING STRENGTH|SHORT
Hello, Friends!
Previous week’s green candle means that for us the GBP/CAD pair is in the uptrend. And the current movement leg was also up but the resistance line will be hit soon and upper BB band proximity will signal an overbought condition so we will go for a counter-trend short trade with the target being at 1.799.
✅LIKE AND COMMENT MY IDEAS✅
GBPCAD sell stopGBPCAD is making higher Highs and higher lows. It is in up trend. Now it formed divergence with making double Top pattern. Place sell stop below HL.
#041 Trust The Process GBPCAD Buy 1406SGT 28022025Buying in an up channel, at the support area of the up channel.
I have nothing much to say.
I am tired.
Wasting time with my father. Hand in hand.
1407SGT 28022025
Do not copy my trades. I'm not selfish, I am protecting you. Just take my trades as a reference.
GBPCAD shortGBP/CAD is in a ranging market, and yesterday we received a strong confirmation at the resistance level—a tweezer top, which is a powerful reversal signal. This, combined with the resistance level and the current price position, strengthens the setup.
Additionally, the Risk Reward Ratio (RRR) is very attractive, providing yet another reason to pull the trigger.
Jeffrey Gomes Lopes
GBPCAD - ShortPrice has formed double top divergence.
At the breakout of HL, sellers will be in control.
Entry is at the break of HL.
GBPCAD-TREND REVERSALgbpcad seems to be change its trend to bearish as it has made double top with a bearish divergence at daily resistence.
Gbpcad analysis This is a technical analysis of the GBP/CAD (British Pound/Canadian Dollar) currency pair on a 2-hour timeframe from OANDA. The chart highlights key support and resistance levels and suggests a potential price movement.
Key Observations:
1. Resistance Level (Near 1.8300):
Marked at the upper purple zone.
The price is approaching this resistance level, indicating potential selling pressure.
2. Support Level (Near 1.8050):
Marked at the lower purple zone.
This area has acted as a previous demand zone where buyers could step in.
Predicted Market Movement:
The blue arrow suggests a potential price rejection at the resistance level around 1.8300.
A downward movement is anticipated toward the support level at 1.8050.
The forecast includes a minor retracement before a deeper decline.
Trading Implications:
Sell Opportunity: If price shows rejection at resistance (1.8300), traders might look for short positions targeting the 1.8050 support.
Buy Opportunity: If the price reaches support (1.8050) and holds, traders may consider long positions.
This analysis assumes typical price action behavior, where resistance leads to sell-offs and support leads to buying interest. Traders should watch for confirmation signals before entering trades.
Institutional Supply: GBP/CAD shortsHey,
The flip side, GBP offers more opportunities for weakness.
As shared in the prior post of EURO vs GBP, this one is also at value.
Price is currently in supply and we're waiting patiently for the 4hour chart to shape up.
Let's see.
Kind regards,
Max Nieveld
GBPCAD-SELL strategy 6 hourly chartNo change in view. The pair is overbought and shying away from regression channel resistance 1.8188. Overall it appears to be in negative territory.
Strategy SELL @ 1.8160-1.8185 and take profit near 1.8017 for now.
GBP-CAD Potential Short! Sel!
Hello,Traders!
GBP-CAD keeps growing
And the pair is locally
Overbought so as the pair
Retested a horizontal
Resistance level of 1.8237
We will be expecting a
Local bearish correction
Sell!
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Check out other forecasts below too!
GBPCAD is BearishGBPCAD looks over bought on the hourly time frame, you may consider selling trade with a 50 pips SL
Stay Safe!
GBPCAD INTRADAY uptrend continuation supported at 1.8100The GBPCAD price action sentiment appears bullish, supported by the longer-term prevailing uptrend. The recent intraday price action appears to be a sideways consolidation towards the rising support trendline zone.
The key trading level is at 1.8100 level, the consolidation price range zone. A corrective pullback from the current levels and a bullish bounce back from the 1.8100 level could target the upside resistance at 1.8165 followed by the 1.8186 and 1.8230 levels over the longer timeframe.
Alternatively, a confirmed loss of the 1.8100 support and a daily close below that level would negate the bullish outlook opening the way for a further retracement and a retest of 1.8067 support level followed by 1.8030.
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.
