GBPCAD trade ideas
gbpcad finaly moving down. after 4 peaks testing the upside, we are nor seeing the drop. nice low hanging fruit.
Could the price bounce from here?GBP/CAD is falling towards the pivot which is a pullback support and could bounce to the 1st resistance.
Pivot: 1.8103
1st Support: 1.7949
1st Resistance: 1.8325
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GBPCAD: Bullish Move After Breakout 🇬🇧🇨🇦
GBPCAD broke and closed above a significant daily resistance
cluster based on the year's high.
The broken structure turned into support.
Retesting that, the price formed a tiny cup & handle pattern
on an hourly time frame.
I decided to open a long trade on a retest of its broken neckline.
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GBPCAD POSSIBLE SELL Based on DAILY and 4HR TF, the market seems to be forming a possible reversal pattern.
We could see SELLERS coming in strong should the current level hold.
Disclaimer:
Please be advised that the information presented on TradingView is solely intended for educational and informational purposes only.The analysis provided is based on my own view of the market. Please be reminded that you are solely responsible for the trading decisions on your account.
High-Risk Warning
Trading in foreign exchange on margin entails high risk and is not suitable for all investors. Past performance does not guarantee future results. In this case, the high degree of leverage can act both against you and in your favor.
GBP_CAD MOVE UP AHEAD|LONG|
✅GBP_CAD keeps growing
A now we are seeing a bullish
Breakout of the key level
Of 1.8133 which reinforces
Our bullish bias and we will
Be expecting a further
Bullish breakout
LONG🚀
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GBPCAD - Long Market is forming AB=CD pattern
market is in accumulation phase, if it break the rectangle it can easily test the weekly strong resistance level
GBP-CAD Bullish Breakout! Buy!
Hello,Traders!
GBP-CAD made a bullish
Breakout of the key horizontal
Level of 1.8120 which is now
A support and as the breakout
Is confirmed we will be expecting
A further bullish move up
Buy!
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I'm OptimisticGBPCAD nowhere else to go but low. After an impulsive move in a ny direction i expect a pull back as profit taking and opposing traders lose and exit the market volume also goes down, further slowing down the market and supporting a turn around.
GBPCADGBPCAD is in reversal zone.
Big bearish divergence also shown in RSI.
Market sentiment is also bearish .
we sell at CMP.
GBP/CAD BEARS ARE GAINING STRENGTH|SHORT
Hello, Friends!
GBP/CAD is trending down which is clear from the red colour of the previous weekly candle. However, the price has locally surged into the overbought territory. Which can be told from its proximity to the BB upper band. Which presents a beautiful trend following opportunity for a short trade from the resistance line above towards the demand level of 1.804.
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GBPCAD: Bearish Continuation & Short Trade
GBPCAD
- Classic bearish pattern
- Our team expects retracement
SUGGESTED TRADE:
Swing Trade
Sell GBPCAD
Entry - 1.8142
Stop - 1.8236
Take - 1.7953
Our Risk - 1%
Start protection of your profits from lower levels
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GBPCAD H4 LongThe GBP/CAD 4-hour chart shows a bullish continuation as price breaks above the key resistance at 1.81102 and clears the Ichimoku cloud (Kumo), signaling strong upward momentum. The green Kumo ahead indicates bullish sentiment, while the Tenkan-sen (red) remains above the Kijun-sen (blue), confirming a trend alignment. This breakout is supported by price closing above both the Tenkan-sen and Kijun-sen, with a clear upward trajectory. The bullish target lies near 1.82812 (previous swing high), while the stop-loss is set below the Kijun-sen at approximately 1.80514, maintaining a favorable risk-to-reward ratio.
Scenario GBPCAD update levels 11.12.24.There is a lot of liquidity left in this market, so the correction was much larger than could be expected, but I still think that if the market maintains the level of support, which is located at the price level of 1.80700-1.80500, then a short set up is possible, there are many levels below us where it is possible that we should see for now but still waiting.
GBPCAD is Bullish and 1.845 on the TableI am not going to be selling this pair for as long as the monthly Uptrend remains intact. 1.845 on the table in the near future. and all those price points I tagged are staring at us as we have already broken March 2020 high and a CHoCH has clearly happened to the upside on the monthly.. Let us always pay attention to the bigger picture. We may see 2.095 in the longer term. We can keep looking for by entry in lower timeframe as that is the safest thing to do haven see the bigger picture now
GBPCAD PLAYYED OUT AS WE PREDICTEDGBPCAD , did exactly as I predicted it. There no scam in the market. Just understand what the market is doing per time
GBP CAD SHORTSWeekly : same idea than GBPAUD. this pair is reaching a resistance that has not been broken since Mar 12'. Price still has bearish structure to consider shorts.
Daily : price is at a critical area where it will either break and retest or fully reject to to the downside. Bullish structure is visible
4h : price recently broke previous low which indicates we can continue to the downside.
1h : price is currently rejecting area of interest around 1.80500 and EMA. I will be waiting for candle close to consider entering
GBPCAD bulls taking overAfter the bank of Canada cuts policy rates by another jumbo 50 basis points as expected.The market has re-traced to support zone at 1.79500 and the Bulls are taking over
GBPCAD Analysis And Next Market MovePair Name = GBPCAD
Timeframe = H4
Analysis = technical + fundamentals
Trend = Bullish
Details :-
GBP is getting strong. Gradually buyers are increasing. GBPCAD is getting ready for a good bullish wave. Expecting 300 Pips + gain here in the move.
Bullish Target :-
1.83000
1.84000
GBPCAD Is Bullish! Long!
Here is our detailed technical review for GBPCAD.
Time Frame: 2h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The price is testing a key support 1.796.
Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 1.800 level.
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.
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GBPCAD SELL Greetings Traders this is my analysis for GBPCAD .
From the last chart that had a solid growth we can see that the price is managing itself for a future Downtrend Movement.
I think the price will start a growth to it might reach our potential target for a Downtrend and for a SELL Position
Traders make your own analysis before trading.
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GBPCAD SELL | Idea Trading AnalysisGBPCAD is moving on support zone
The chart is above the support level, which has already become a reversal point twice.
We expect a decline in the channel after testing the current level.
We expect a decline in the channel after testing the current level
Hello Traders, here is the full analysis.
I think we can soon see more fall from this range! GOOD LUCK! Great SELL opportunity GBPCAD
I still did my best and this is the most likely count for me at the moment.
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Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad ⚜️
Mon 16th Dec 2024 GBP/CAD Daily Forex Chart Sell SetupGood morning fellow traders. On my Daily Forex charts using the High Probability & Divergence trading methods from my books, I have identified a new trade setup this morning. As usual, you can read my notes on the chart for my thoughts on this setup. The trade being a GBP/CAD Sell. Enjoy the day all. Cheers. Jim
