GBPCAD HUGE selloff expectedPrice is extremely oversold and is at a major supply level. Price has been rejecting this level since 2017 and every time it has got to this level price has plummeted. We are also at a 1h supply level.
GBPCAD trade ideas
GBPCAD Eyes a Strong Rebound from Key Support ZoneThe GBPCAD pair has recently broken through a significant resistance level and pierced a longstanding downward trendline, suggesting the beginning of a bullish trend shift. This breakout is a strong technical signal that hints at a potential shift in market sentiment, favoring the buyers. Observing price action on the daily timeframe, there’s a clear pattern of higher highs and higher lows—indicating persistent buying strength and steady momentum that continues to build with each new high.
What’s particularly noteworthy is how the price approaches the psychologically important level of 1.8000. This round number often serves as a critical juncture for price action, as it tests both the conviction of the bulls and the resilience of the bears. Given the current upward momentum, this level could soon be surpassed, allowing the pair to break further into bullish territory. A retest of the recently broken resistance zone would further validate this bullish move, establishing the 1.8000 mark as a new support level that can launch further upward advances.
Looking forward, my target lies around the resistance zone at 1.8070, where the next substantial price ceiling resides. This target aligns well with the bullish continuation patterns observed, as GBPCAD appears poised for sustained gains. Should this upward movement continue with strong support from market participants, we may see a definitive move toward the 1.8070 resistance, solidifying a broader trend reversal and setting the stage for potential long-term gains. In this bullish landscape, each new high reinforces a prevailing buyer-driven sentiment, making the breakout and retest scenario even more compelling.
GBPCAD BEARISH FOR 120 PIPSRisk-to-Reward Ratio: You're looking at a risk-to-reward ratio of approximately 1:2.4 (120 pips reward to 50 pips risk), which is generally favorable as it allows for larger potential profit relative to the risk.
Technical Analysis Setup:
Downtrend Confirmation: Check for confirmation of a downtrend by observing a series of lower highs and lower lows. You could also use moving averages (such as the 50 EMA and 200 EMA) to see if the price is below them, which would reinforce the bearish outlook.
Support and Resistance: Look for any major support levels around the 120-pip target. This will help confirm that price could reach this level without major barriers.
Key Indicators: Use RSI or MACD to confirm any overbought conditions, which would indicate the potential for further downside.
Entry Trigger: To increase your trade's precision, consider entering on a lower timeframe if there is a bearish engulfing candle, pin bar, or any other strong bearish price action.
Volatility and Timeframe: Ensure you're entering during a high-volatility period (such as a London or New York session overlap) if looking for a quicker move. GBP/CAD can be quite reactive to news from the UK or Canadian markets.
Managing the Trade: As the price approaches the 120-pip target, consider scaling out or adjusting your stop loss to secure profits while maintaining some exposure in case the trend continues further down.
GBPCAD - 4hrs ( Buy Trade After Break TP Range 200 : 300 PIP)🟢 Pair Name :GBP/CAD
Time Frame : 4hrs Chart / Close
Scale Type : Large Scale
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🟢 Key Technical / Direction ( Long ) After Break Out
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Bullish Break
1.80650 Area
Reasons
- Major Turn level
- Visible Range Hvn
- Fixed Range hvn
- Quarters area break
- Choch Zone
Bearish Reversal
1.89750 Area
Different senarioes, all bearishSentimentally, GBPCAD needs correction before going upper and breaking its tough resistance.Oil price will be very effective on it but I am going on sell.
GBPCAD Massive Short! SELL!
My dear followers,
This is my opinion on the GBPCAD next move:
The asset is approaching an important pivot point 1.8040
Bias - Bearish
Safe Stop Loss - 1.8084
Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market.
Goal - 1.7967
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
High timeframes very bullish for GBPCAD. See chart please.All credit to Lingrid, who recently alerted this trade, I thought it looked very bullish.
Back in first couple of weeks in September, price headed down to liquidity buying zones and price then ascended very strongly, before heading back down to the same order blocks for liquidity in October. Price bumping around a bit lately, it has good momentum support upwards on the Oscillators and recently today Monday, price has been traversing double tops and price will drift upwards I think very soon.
GBPCADDue to the difference between inflationary expectations and Kut's data, this analysis was imagined
GBP/CAD BEARISH BIAS RIGHT NOW| SHORT
Hello, Friends!
We are going short on the GBP/CAD with the target of 1.784 level, because the pair is overbought and will soon hit the resistance line above. We deduced the overbought condition from the price being near to the upper BB band. However, we should use low risk here because the 1W TF is green and gives us a counter-signal.
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GBPCAD 4hr LongGBPCAD
✅4hr Long✅
💰ENTRY: 1.80223
💰STOP LOSS: 1.80072
✅TP TARGETS✅
⏰TP1: 1.80376
⏰TP2: 1.80518
⏰TP3: 1.80678
✅ 1. Daily Time Frame: Price has been breaking bullish and trending above the 10/50/200 EMAs.
✅ 2. 4hr Time Frame: Price has made a valid pullback into the 10 EMA with at least 2 bearish candles.
✅ 3. Price has made a 123 Advanced Engulfing candle above the 50ema.
This is a great example of the 123 Advanced Engulfing strategy.
Gbpcad sellHighs and lows where form . On weekly and daily. A particularly Highs got taken out and will lead to a sell.
gbpcad short selling the pound is going short for this week with cad wacthout from new during the week
GBP/CAD OUTLOOKIn this analysis we are focusing on 1H time frame for GBPCAD. I'm looking for a potential sell today. Here we are using supply and demand strategy with breakout and rejection concept. So let's delve deeper into these levels and potential outcomes.
Always use stoploss for your trade.
Always use proper money management and risk to reward ratio.
This is just my prediction or analysis.
#GBPCAD 1H Technical Analyze Expected Move.
GBP/CAD Bearish Breakout Expected from RangeGBP/CAD is expected to break out to the downside after a period of ranging market conditions. Despite multiple market data releases, the pair remained unaffected and has shown a consolidation pattern. I believe the ranging phase is over, and GBP/CAD is now beginning a bearish trend. The first target for this move is 1.76450 , with potential for further downside
Currently, the RSI is below the oversold level, indicating a possible correction before the breakout continues. I plan to add some positions at this point, and if the RSI impulsively moves up to the 50 level, I will add more positions.
Best of luck with this bearish trade!
Gbpcad for buy.Price hit a monthly support level, price broke out of the bearish trendline, the resistance zone. Price formed a double bottom on a minor resistance zone. Wait for breakout and retest of neckline.
GBP_CAD LOCAL SHORT|
✅GBP_CAD price went up sharply
But a strong resistance level was hit at 1.8027
Thus, as a pullback is already happening
And a move down towards the target shall follow at 1.7993
SHORT🔥
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GBPCAD-longGBPCAD is making a complex correction. Likely will scalp shorts and swing longs until the boxed are, any small h4 corrections of h1 will then add more longs once the scalps are done
Lingrid | GBPCAD long from the SUPPORT levelFX:GBPCAD broke through both the resistance level and the downward trendline, signaling a bullish market trend. I anticipate a classic breakout retest followed by a continuation of this upward movement. Analyzing the daily timeframe, we can observe that the market is making higher highs and higher lows, which reflects robust buying pressure. As the price continues to test the significant round number of 1.8000 above, I believe it’s only a matter of time before we witness a strong breakout to the upside. My goal is the resistance zone at 1.80700
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
GC update GC moving in an ascending channel looking forward for more bullish move before going short on this pair
GBPCAD: Bearish Forecast & Bearish Scenario
The price of GBPCAD will most likely collapse soon enough, due to the supply beginning to exceed demand which we can see by looking at the chart of the pair.
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GBP/CADbearish chyper pattern it is completed
you can sell from 1.79717 stop loss 1.80166 targt 1.79026
