GBPCAD trade ideas
GBPCAD - 4hrs ( Buy Trade Target Range 150 PIP ) Pair Name : GBP/CAD
Time Frame : 4hrs Chart / Close
Scale Type : Large Scale
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spreading knowledge among us and to clarify the most importan+t points of entry, exit and entry with more than 5 reasons
We seek to spread understanding rather than make money
Key Technical / Direction ( Long )
Type : Mid Term Swing
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🦸♀️Bullish Break
1.74750 Area
Reasons
- Major Turn level / d
- Trend Line Area
- Choch Area
- Fixed Range Hvn
- Visible Range Hvn
🦸♀️Bearish Reversal
1.76250 Area
Reasons
- Major Turn level
- Fibo Golden Zone
- Pattern Target
- Quarter's High Area
- Choch Zone / Majoe
GBPCAD SellThere's a growing sense of caution around GBPCAD. While recent technical indicators have suggested a strong buy, a closer look reveals potential exhaustion from buyers, particularly at key levels across multiple timeframes.
Key Levels and Exhaustion:
Weekly, Daily, 4-Hour Charts:
GBP/CAD is currently testing resistance on its weekly, daily, and even 4-hour charts. This confluence of resistance points suggests the pair might be struggling to push higher.
Buyer Exhaustion:
The recent rally might be losing momentum. We could be seeing signs of buyer exhaustion, where the bulls are running out of steam after a significant upward push.
I have entered a sell position and look to hold it overnight into tomorrow, to see how CAD and USD news affect the seniment.
Entry: 1.75929
Stop: 1.76275
Profit: 1.74503
1:4 RR - Risking 1% in the hope of hitting 4% returns.
GBP/CAD Fully Closed +500 Pips 0 Drawdown , Did you Enter ?This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
GBPCAD: 500+ Pips Buy When It's Ready! Dear Traders,
Hopefully you are doing great, based on our previous analysis where we had anticipated price to grow around 1000 pips, price rose 500+ pips from our first entry. Now, price is approaching our second area of entry. Where we can see a strong bullish volume to kick in the market. Please use risk management accordingly. Good luck and trade safe.
good luck and trade safe.
Short Term - GBPCAD sellJust initiated a sell trade on GBP/CAD, eyeing a drop to 1.75015. We’ve seen the pair climb steadily, but it’s bumping up against a key resistance levels.
I’ll be monitoring the market closely and might adjust my position (add position as well) if there are any significant fluctuations. With minimal leverage, I’m managing risk while aiming to capitalize on this anticipated pullback.
This trade is all about catching the expected dip and making a quick gain from the immediate price action. Let’s see how it pans out as we aim for that 1.75015 level!
Should hit sooner than later.
GBPCAD: trade idea + entryI'm seriously running out of titles lol😂
But anyways, since y'all ask, this is my POI for GBPCAD this week. After it rush down from my Weekly POI, i'm waiting for it to get to this 'base' zone as supply and demand traders would call it (drop base drop, isn't it?).
let's watch this out!
GBPCAD FUNDAMENTAL:GBP stronger than CAD on-cot report and fundamentals
SEASONALITY: both occurrences bullish in the month of July
SENTIMENTAL : long 17 short 83
TECHNICAL:
break of bearish trend line printing higher higher and higher low
retracement to 0.5
testing fair value gap 0.5
volume support
support from bullish channel bottom
direction score 9
good luck
GBP/CAD For Bullish After Finishing Correction Wavewait for finish the correction wave and then go long
- General Trend is Up Trend
- RSI say its overbought levels so correction will be start sonly
- wait for price action at green arrow or between fibo levels 50:61 and then go long
have fun :)
GBPCAD: LTF CURVE ANALYSIS (2H)✨ GBPCAD: LTF CURVE ANALYSIS (2H) ✨ (UPTREND)
SLO2 @ 1.76054 ⏳ (SET PA)
SLO1 @ 1.7555 ⏳ (SET PA)
TP3 @ 1.75386
TP2 @ 1.74778
TP1a @ 1.7415
TP1 @ 1.73816
BLO1 @ 1.73235 ⏳(triggered w/+SL)
BLO2 @ 1.7308 ⏳
🔑
BLO = BUY LIMIT ORDER
LTF = LOW TIME FRAME
PA = PRICE ALERT
SL = STOP LOSS
SLO = SELL LIMIT ORDER
TP = TAKE PROFIT
NOTE: This pair is currently in an overall uptrend. However, the ITF (intermediate timeframe) show us in a downtrend PB (pullback), which could push price back to my BLO again. Position size appropriately if you plan to take advantage of the opportunity.
Short-term time frames (1-minute to 3 hour):
— Highly volatile, price movements can be fast and unpredictable.
— Suitable for day trading and scalping, but require constant monitoring and quick decision-making.
— Not ideal for beginners due to the risk and stress involved.
GBP/CAD +420 Pips 0 Drawdown , Important Update Now !This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
GBPCAD Trading Signal: Buy OpportunityTraders, we have an attractive opportunity for the GBPCAD currency pair. Based on our analysis using the EASY Quantum Ai strategy, here are the details:
Direction: Buy
Enter Price: 1.74774
Take Profit: 1.75196333
Stop Loss: 1.73961333
Justification:
1. Technical Analysis: The EASY Quantum Ai strategy has identified a bullish trend for GBPCAD. The current price action and support/resistance levels align with this upward movement.
2. Market Sentiment: Recent market sentiment reflects a stronger British Pound against the Canadian Dollar. This is backed by positive economic data from the UK and comparatively weaker performance in Canadian economic indicators.
3. Momentum Indicators: Indicators such as the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) suggest that the bullish momentum is gaining strength, making this a timely entry point.
Risk Management:
Entering at 1.74774, we have set the Stop Loss at 1.73961333 to protect against potential downside risks. The Take Profit is positioned at 1.75196333 to capture profits effectively.
Trade carefully and manage your risk appropriately. Happy Trading!
Your reliable trading partner,
BULLISH GBPCADEarlier this week I saw this breaking out above a historical supply and demand zone on the Daily time frame. With a successful retest on the 4HR time frame, we are moving on up.
GBPCAD Simple Trade Plans (Tech + Sentiment)GBPCAD has rallied consistently over time, alike other CAD pairs.
This comes mostly as the BOC has been quicker to take a dovish view.
Other economies still lag slightly but are following suite, in this case the GBP.
1. Tech bias suits re short entries.
2. Sentiment bias supports re-balancing of near term value within trend.
GBPCADhi everyone
this is market structure !
when the tf H4 already break support (mean ; trend has change from bull to bear !)
so, what i share here today is what i trade right now
this is not a signal
but u just share about market structure
be smart
disclaimer on.
GBPCAD - Sell OpportunityGBPCAD has turned bearish after breaking the neckline of a Head and Shoulders pattern, confirmed by bearish divergence. The recent retest of the neckline offers a potential sell opportunity. Traders should consider entering short positions, with stop-loss orders above the neckline and profit targets at key support levels. Proper risk management is essential to mitigate market volatility.
GBP/CAD 2 Entries +230 Pips , Third Entry Valid To Who Missed 2 This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
GBP_CAD BULLISH BIAS|LONG|
✅GBP_CAD made a retest
Of the broken key level
Of 1.7440 which is now a
Support from where we are
Already seeing a bullish rebound
So we are locally bullish biased
And we will be expecting a
Further move up
LONG🚀
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GBPCAD Under Pressure! SELL!
My dear subscribers,
My technical analysis for GBPCAD is below:
The price is coiling around a solid key level - 1.7486
Bias - Bearish
Technical Indicators: Pivot Points High anticipates a potential price reversal.
Super trend shows a clear sell, giving a perfect indicators' convergence.
Goal - 1.7406
My Stop Loss - 1.7536
About Used Indicators:
By the very nature of the supertrend indicator, it offers firm support and resistance levels for traders to enter and exit trades. Additionally, it also provides signals for setting stop losses
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WISH YOU ALL LUCK
GBPCAD: Sell opportunity !!! (Details on caption)Well, the price hit the HTF FVG and shifted the market structure in the hourly chart, then respected the bearish FVG and created the bearish order block.
Now we can expect the price to trade to the bearish order block and then continue the bearish move, in this scenario, we need LTF confirmation for entry.
💡Wait for the update!
🗓️10/07/2024
🔎 DYOR
💌It is my honor to share your comments with me💌
GBPCAD Will Move Lower! Sell!
Here is our detailed technical review for GBPCAD.
Time Frame: 4h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is testing a major horizontal structure 1.747.
Taking into consideration the structure & trend analysis, I believe that the market will reach 1.740 level soon.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
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