GBPCAD SHORTSA heads and shoulders pattern signaling reversal, a transition from bullish to bearish.
REJECTION POINT
Rejection is likely to occur between 1.80000–1.80328, as these are strong confluence levels:
The retest of the neckline.
The psychological round number (1.80000)
The EMA 50 acting as dynamic resistance.
If the price is rejected here, the market is likely to continue its bearish move, targeting lower levels such as 1.78000 or below.
Conclusion
The price is currently retesting the neckline of the Head and Shoulders pattern. Watch for bearish rejection signals (e.g., bearish candlesticks, volume spikes) around 1.80000–1.80328, which could confirm the continuation of the downtrend.
GBPCAD trade ideas
GBPCAD: Bearish Continuation After Breakout 🇬🇧🇨🇦
GBPCAD looks bearish after a retest of a recently broken daily/intraday
key horizontal support.
I see a descending triangle pattern on an hourly time frame after its test.
Probabilities are high that the price will continue falling and reach
at least 1.7876
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GBPCAD SELL - Top Down Approach RevealedTrader Tom, a technical analyst with over 16 years’ experience, explains his trade idea using price action and a top down approach. This is one of many trades so if you would like to see more then please follow us and hit the boost button.
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GBPCAD: Bearish Reversal ConfirmedThe GBPCAD chart formed a head and shoulders pattern on a daily timeframe.
After the release of important fundamentals last week, the price dropped significantly with a strong bearish candle, breaking the neckline of the pattern.
On Friday, the price retested the broken neckline and held below it, indicating a potential continuation of the bearish reversal.
The next support level to watch for is at 1.7818.
GBPCAD MODULEWe are focusing on the 4-hour time frame chart to analyze the potential moves and changes in GBP/CAD price. Based on my bias, I am expecting a sell in the market today. Let's see what kind of opportunity the market provides. It is very important to get confirmation before taking a trade, so always wait for confirmation.
Always use stoploss for your trade.
Always use proper money management and proper risk to reward ratio.
This is just my analysis or prediction.
#GBPCAD 4H Technical Analyze Expected Move.
GBPCAD - Weekly Trade SetupThis chart analyzes the GBPCAD pair on the 4H timeframe, focusing on key weekly levels. A potential bullish move is expected towards the weekly high at 1.81415, followed by a reversal targeting the weekly low at 1.78062. The zones of interest are highlighted for monitoring price action. check for confirmation before entry
GBPCADGBP/CAD is currently retesting the neckline of a head and shoulders pattern, signaling a potential bearish move. We anticipate further downside momentum during the Asian, London, and New York sessions tomorrow. Rejections to the upside, marked by pin bars and bearish engulfing candles, strengthen the likelihood of a drop. Traders should watch for confirmation and manage risk accordingly.
GBP/CAD BULLS WILL DOMINATE THE MARKET|LONG
Hello, Friends!
GBP/CAD pair is in the uptrend because previous week’s candle is green, while the price is clearly falling on the 8H timeframe. And after the retest of the support line below I believe we will see a move up towards the target above at 1.798 because the pair is oversold due to its proximity to the lower BB band and a bullish correction is likely.
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GBPCAD bearish continuation pattern...wait for the reversalPersonally I think price will re-test Drop-Base-Drop zone as per drawn in chart.
the risk & reward ratio attract my interest to monitor this pair.
Currently the market is doing the retracement.
Any reversal pattern in the lower timeframe will be the signal for bearish entry.
good luck and happy trading.
Bearish pullback followed by longPound Cad is in a consolidation phase which may transition into a sell, if price action goes under 1.8000. If it does, the pair may find support on nearby support structures as potential long opportunities. If the price action stabilises above 1.8000, the bullish move will continue up targeting established highs.