GBPCAD trade ideas
GBPCADhuge drop, correction, v-formation and range, break out and consolidation, then break out. a short from here is expected
GBPCAD Under Pressure: Targeting Key Lows with Pullback Entry!GBPCAD is clearly facing downward pressure. On the daily timeframe, we can see the trend breaking previous lows. My target is the prior low levels, with entry anticipated on a pullback in the lower timeframe. This is not financial advice.
Institutional Demand: GBP/CAD longsHey,
As expected, the GBP pairs yesterday reached value.
As I shared with GBP/USD, more upside is what I expect.
This chart looks great and ready to move.
4-Hour confirmation is clear.
Kind regards,
Max Nieveld
GBPCAD - BearishGBPCAD is bearish and retracing well towards Fib 0.5 - Fib 0.61 level. Taking short entry at these levels with SL above previous high
GBPCAD Short Term Sell IdeaH4 - Bearish trend pattern
Strong bearish momentum
Until the strong resistance zone holds I expect the price to move lower further after pullbacks.
GBPCAD-BUY strategy 9-hourly chart The pair has been heavily sold, and so has been all the GBP crosses. the pair initially recovered a little and it shows we are building a short-term base. The stochastic and other indicators provide the suggestion of further moves higher, and feel we may see somewhere 1.7750-1.7800 again in the coming sessions.
Strategy BUY @ 1.7520-1.7560 and take profit near 1.7727 for now.
GBP/CAD: Pullback Opportunity From Key LevelA potential buying opportunity is forming on the GBP/CAD pair.
After testing a significant daily support level, the price has formed a double bottom pattern on the hourly timeframe.
A bullish breakout above the pattern's neckline provides a strong confirmation of a bullish reversal.
The pair is likely to continue rising, targeting the 1.7583 level.
GBPCAD still bullish to expet
GBPCAD in last periods strong bullish, still we have strong indications for bullish continuation.
TP1: 1.80000
TP2: 1.82000
GBPCAD: Pullback Trade From Key Level Another good trade to consider buying from a key support is 📈GBPCAD pair.
After testing a major daily structure, the price formed a double bottom pattern on hourly time frame.
The bullish breakout above the neckline of this pattern is a strong confirmation signal of a bullish reversal.
It is likely that the pair will continue to rise and reach the 1.7583 level soon.
GBPCAD - Idea for a sell !!Hello traders!
‼️ This is my perspective on GBPCAD.
Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective, so I look for a short. My point of interest is imbalance filled and rejection from bearish OB + level 1.77000.
Fundamental news: This week on Wednesday (GMT+2) we will see results of yearly CPI on GBP, news with high impact on currency.
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GBPCAD Poised for Bullish ReversalGBPCAD has been in a sustained bearish trend and recently completed its AB=CD harmonic pattern, signaling a potential turning point. Additionally, the formation of bullish divergence further supports the possibility of a reversal. A break above the previous lower high at 1.77741 could indicate the emergence of a bullish trend, suggesting a shift in market sentiment.
GBPCAD BAT PATTERNHarmonic Pattern Trading Strategy:
1. Combine patterns with 2-3 confirmations (e.g., MA, BB, RSI, Stoch) for increased accuracy.
2. Implement proper risk management.
3. Limit exposure to 3% of capital per trade.
4. Exercise caution: Not every Harmonic Pattern presents a good trading opportunity.
5. Conduct thorough diligence and analysis before trading.
Disciplined approach = Enhanced edge.
GBPCAD - possible sells?Here is our view on GBPCAD . Potential short opportunities.
We believe that GBPCAD could continue to the downside . We have two possible entries . One could be at the pullback at 1.78061 . The second entry could be at the break of previous lows sitting at 1.76267 . We are aiming for the target and deeper lows sitting at 1.74818 . We can expect the higher pullback to be visited if 1.77443 is broken.
PARAMETERS ; for the pullback trade
- Entry: 1.78061
- SL: 1.78773
- TP: 1.74818
PARAMETERS ; for the break trade
- Entry: 1.76267
- SL: 1.76971
- TP 1.74818
KEY NOTES
- GBPCAD remains bearish.
- Break above 1.77443 would confirm a pullback to our first entry sitting at 1.78061.
- Break below previous lows (1.76267) would result in deeper pullbacks.
Happy trading!
FxPocket
THIS WEEK GBPCAD TRADE SETUPPair: GBPCAD
✔ Classic BULLISH formation
We can see that the GBPCAD is retracing long term and is moving closer to the order block. From here, when there is a BULL run, we can trigger a buy entry with confirmation.
If your analysis matches our analysis then you can take the entry, if not then you can skip.
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GBPCAD BUY AND SELL PROJECTION As you can clearly see. Price is in a downtrend with touches of twice on the trendline, and price currently is in a demand zone and we can also see a double bottom , so I expect price to go long and then go short
GBP-CAD Bearish Breakout! Sell!
Hello,Traders!
GBP-CAD is trading in a
Downtrend and the pair
Broke a key horizontal
Level of 1.7666 and the
Breakout is confirmed
Which reinforces our
Bearish bias and makes
Us expecting a further
Bearish continuation
Sell!
Comment and subscribe to help us grow!
Check out other forecasts below too!
GBPCAD Continuation SellOn the monthly, price has yet to reach the D extension. We had a shallow retracement on the monthly fib with a stall out at the 1.18 1.27 extension. We had weekly and daily rejection at 1.82XXX.
Long term picture, I see the potential for a sell down to 1.580XX. Shorter term (4HR), I see two possibilities, price could begin to retrace from current 4HR level 1.759XX or push down to the second Weekly level at 1.749XX and retrace back up to the 38.2 1.776X where we have 4HR resistance. The retracement up could be tradeable.
For this leg of price, I see the potential for a sell to 1.739X with further downside potential to 1.716XX. At 1.7166X I think it will be time to re-evaluate once we see how price reacts at this level.
GBPCADThe expected trajectory for the pair in the coming days suggests a likely continuation of the downward trend.
GBPCAD - Potential downside move !!Hello traders!
‼️ This is my perspective on GBPCAD.
Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective, so I look for a short. I expect bearish price action as we can see a rejection from resistance zone + institutional big figure 1.80000 after price filled the imbalance.
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Watching and Waiting for a Trend line break on GBPCADWatching and waiting for this pair to break this trend line on the Daily time frame.
Reasons I think price will break through:
- RSI was overbought on Daily
- Bearish RSI Divergence on Daily
- Bullish candles are getting smaller
What do you think?
*Also please remember these are trading ideas and not trading signals. Thank you.
My system is giving me a short tradeMy system is giving me a short trade.
When/if my 1st target is hit, i will then move my stops to breakeven. Risk only max 2%
GBPCAD: A Bullish Outlook Ahead!As we observe the current landscape for the GBPCAD currency pair, the indicators generated by our EASY Trading AI strategy point towards a strong buy signal. The entry point is set at 1.77122, with a take profit target of 1.77812667 and a stop loss positioned at 1.76340667.
Several factors are contributing to this optimistic forecast. First, recent economic data indicates a resilient UK economy, which is bolstering the strength of the British pound. Additionally, the Canadian dollar is facing headwinds from fluctuating oil prices, impacting its overall stability. These dynamics create a compelling case for a bullish run on the GBPCAD pair.
Moreover, technical analysis supports this trend. The pair has shown bullish momentum, breaking past resistance levels, which reinforces the likelihood of a continued upward trajectory. The markers laid out by our EASY Trading AI further bolster this perspective, ensuring that traders have a solid framework to base their decisions on.
For traders looking to capitalize on this opportunity, adhering to the stipulated entry, take profit, and stop-loss levels is crucial. This disciplined approach can help optimize profitability while managing risk effectively.
Stay tuned for more updates, and remember—to thrive in these markets, knowledge is your best asset!
