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GBPCAD trade ideas

GBPCAD is Brewing a Monster Move – Are You Ready or Getting LeftGBPCAD appears to be following a clear structure with identifiable waves and liquidity points. Based on the long-term projection, the pair seems to be progressing through corrective and impulsive waves, targeting significant levels. The chart suggests the possibility of a broader accumulation phase that leads to a strong move toward liquidity zones before a potential reversal. Breakdown of Key Points: Wave Structure Analysis: The price structure is currently forming a complex corrective wave pattern. The primary corrective wave (WXYXZ) is projected to potentially find support at lower fib retracement zones (e.g., 0.618 or 0.886 levels). Significant Levels: Resistance Zone: At the most recent weak swing high near 1.51943, where liquidity has likely accumulated. Support Zone: The range near 1.16084 and 1.03327, which aligns with strong fib retracement zones and a divergence area. Liquidity Observations: The Sell-Side Liquidity Zone (SSL) near 1.314 marks a key area where traders may have stop-loss clusters, potentially acting as a magnet for price movements. After sweeping these zones, momentum could shift strongly to the upside. Long-Term Target: The structure hints at a long-term push toward 1.5+ levels, but this depends on how price reacts to the liquidity sweep near 1.03327 or 0.71502 (if the deeper retracement unfolds). What to Watch for: Bounce Areas: Pay close attention to fib retracement levels at 1.16084 and below; these are critical potential reversal points. Liquidity Sweep: Watch for a sweep of Sell-Side SSL (1.314) or deeper liquidity grabs to confirm stronger upward momentum. Momentum Shift: Confirmation of bullish momentum through strong breakouts and holds above weak swing highs (like 1.51943). Potential Risk: If price invalidates by breaking below 0.71502, it would signal a deviation from this outlook, potentially continuing into uncharted bearish territory.
Short
by spaceangel
8
GBPCAD Possible Sell The market is currently testing the current Daily area. Based on 4HR TF, the market seems to be forming a possible reversal chart 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.
Short
by WiLLProsperForex
GBPCAD Near Resistance: Potential Short SetupThe GBPCAD pair is trading at 1.7786, approaching a key resistance level, which provides a potential short setup. Here’s the detailed analysis: Key Resistance Zone: The pair is nearing the resistance zone around 1.7800–1.7820, which aligns with the 50 EMA and 200 EMA acting as dynamic resistance. This level also aligns with previous bearish "3s-Bear" signals, suggesting strong selling pressure historically. Indicators: The Stochastic RSI is approaching overbought territory, indicating the bullish momentum may be losing steam. Price has yet to break convincingly above the resistance, hinting at possible rejection. Trade Setup Options: A. Sell Opportunity: Entry Point: Consider entering a short position around 1.7780–1.7800, after confirmation of rejection (e.g., bearish engulfing candlestick). Stop Loss: Above 1.7830, to allow for volatility. Take Profit: Target 1: 1.7720 (immediate support level). Target 2: 1.7700 (strong support zone). B. Buy Opportunity (If Breakout Occurs): Entry Point: Above 1.7825, after a confirmed breakout with strong volume. Stop Loss: Below 1.7800, to minimize risk. Take Profit: Target 1: 1.7900 (next resistance level). Target 2: 1.7950 (recent swing high). Market Context: GBPCAD is attempting to recover from recent lows, but the resistance zone at 1.7800 is critical for determining the next direction. Watch for geopolitical or oil market news, as the Canadian Dollar is sensitive to oil price movements. Notes: Wait for clear confirmation of rejection or breakout before entering any position. Manage risk carefully, especially if trading near resistance, as price may exhibit volatility.
Short
by fxplusinsights
GBPCAD Will Collapse! SELL! My dear followers, I analysed this chart on GBPCAD and concluded the following: The market is trading on 1.7793 pivot level. Bias - Bearish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation. Target - 1.7661 About Used Indicators: A super-trend indicator is plotted on either above or below the closing price to signal a buy or sell. The indicator changes color, based on whether or not you should be buying. If the super-trend indicator moves below the closing price, the indicator turns green, and it signals an entry point or points to buy. ——————————— WISH YOU ALL LUCK
Short
by AnabelSignals
1
GBPCAD : Trendline Break and Key Levels👋 Welcome to TradeCityPro! In this analysis, I will examine the GBPCAD currency pair from the Forex market. The analysis is conducted on the daily timeframe. 📅 Daily Timeframe: Trendline Break In the daily timeframe, we observe an uptrend that began after breaking the 1.72778 level, accompanied by an ascending trendline, which pushed the price up to the 1.80922 resistance level. 🧲 After reaching this resistance and experiencing a significant divergence in the RSI, a deep correction occurred. This was marked by the break of the ascending trendline and the activation of the divergence trigger, which has brought the price down to approximately the 1.74497 support level. 📐 The RSI has formed a symmetrical triangle, which has broken downward. Following this, it bounced back from the 30 support level and moved up to the 50 level. 📈 If the RSI stabilizes above 50 and the price consolidates above 1.78076, we can anticipate the next upward leg. In the event of breaking the 1.80922 resistance, the next target will be 1.90188. 📉In the bearish scenario, if the price drops to the 1.72778 support level, the bullish momentum will completely dissipate. Should this support level break, the next targets will be 1.67659 and 1.63796. 📝 Final Thoughts This analysis reflects our opinions and is not financial advice. Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
by tradecitypro
1
Discipline Over MotivationSuccess in trading doesn't come from motivation—it comes from discipline. Motivation will get you started, but discipline will keep you consistent, even on the tough days." In trading, emotions often try to take control. Fear of missing out, revenge trading, or overconfidence can lead to poor decisions. Discipline means following your plan no matter how you feel. Consistency is the bridge between your trading plan and long-term results. Without it, even the best strategies can fail. How to Stay Disciplined? Define Your Rules: Have a clear entry, exit, and risk management plan before you trade. Track Your Performance: Use a journal to review trades—both wins and losses. Take Breaks: A tired mind leads to impulsive decisions. Detach from Outcomes: Focus on the process, not on winning every trade. Remember: The best traders aren't the most motivated—they're the most disciplined.
by Safaric
Could the price reverse from here?GBP/CAD is rising towards the resistance level which is an overlap resistance that aligns with the 38.2% and also slightly below the 50% Fibonacci retracement and could drop from this level to our take profit. Entry: 1.7737 Why we like it: There is an overlap resistance level that aligns with the 38.2% Fibonacci retracement. Stop loss: 1.7866 Why we like it: There is a pullback resistance level that is slightly below the 61.8% Fibonacci retracement. Take profit: 1.7493 Why we like it: There is a pullback support level. Enjoying your TradingView experience? Review us! Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Short
by VantageMarkets
Trading Idea Update: GBPCAD 4H - Bearish Continuation SetupThe GBPCAD 4-hour chart aligns with our previously identified bearish bias. The market is currently retracing into a Fair Value Gap (FVG) in a premium zone, providing a high-probability area for short entries. Here’s the updated breakdown: Fair Value Gap (FVG) in Premium Zone The price has retraced into a Daily Fair Value Gap (FVG), highlighted in red, which aligns with the premium zone of the recent swing. This zone represents a potential area where smart money could enter short positions after mitigating imbalances. Bearish Bias The bearish bias remains intact as the price is approaching an area of interest for a reversal. A rejection from this FVG zone could lead to further downside, targeting liquidity below previous swing lows. Key Targets First Target: 1.7520 — This is the nearest significant low that aligns with liquidity resting below. Second Target: 1.7420 — A deeper liquidity pool where price is expected to gravitate. Execution Plan Entry: Look for short positions within the FVG zone (1.7720 - 1.7790) after confirmation through lower time-frame bearish signals (e.g., CHOCH, BMS). Stop Loss: Place stops above the FVG zone, around 1.7820, to protect against further retracements. Take Profit: First Target: 1.7520 Second Target: 1.7420 Extended Target (if momentum continues): Below 1.7300 Confluence for Short Setup FVG Mitigation: Price is retracing into a clear imbalance in a premium zone. CHOCH: The bearish structure shift supports the continuation of the downtrend. Liquidity Targets: Sell-side liquidity exists below the recent lows, acting as magnets for price. Trend Continuation: The overall market is aligned with the bearish trend on higher time frames. Summary The GBPCAD 4-hour chart presents a high-probability bearish setup as price retraces into the FVG zone. A rejection here, supported by lower time-frame confirmations, aligns with the overall bearish trend and provides a favorable risk-to-reward opportunity. Targets are set at 1.7520, 1.7420, and potentially lower.
Short
by cephxs