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GBPCAD trade ideas

Lingrid | GBPCAD opportunity to SHORT the MARKETThe price perfectly fulfills my last idea. The market is currently trading near the key resistance level of 1.7500. The price has made lower lows and lower closes, breaking through the previous higher low area. I believe the market will likely move sideways from here. Therefore, I'm looking for the price to test this zone and potentially fall from it if the market makes a fake breakout or a double top with divergence. On the 4H timeframe, the market has formed a couple of long-tailed bars, indicating selling pressure. My target is to support at 1.73675 Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻
Short
by Lingrid
9
GBP/CAD The inverse head and shoulders is a chart pattern used in technical analysis to predict a reversal in a downtrend. It's considered a bullish indicator. Here’s a breakdown of its structure and how it can be identified: Structure: Left Shoulder: The price declines to a trough and then rises. Head: The price declines again, forming a lower trough than the left shoulder, and then rises. Right Shoulder: The price declines for a third time, but not as far as the head, and then rises again.
Short
by B9A-88652-NisarAhmad
Could price bounce from here?GBP/CAD is falling towards a support level which is a pullback support that is slightly above the 50% Fibonacci retracement and could bounce from this level to our take profit. Entry: 1.7413 Why we like it: There is a pullback support level that is slightly above the 50% Fibonacci retracement. Stop loss: 1.7339 Why we like it: There is a pullback support level which aligns with the 78.6% Fibonacci retracement. Take profit: 1.7512 Why we like it: There is an overlap resistance level. 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.
Long
by VantageMarkets
Bearish reversal?GBP/CAD is rising towards the resistance level which is an overlap resistance that is slightly below the 127.2% Fibonacci extension and could reverse from this level to our take profit. Entry: 1.75115 Why we like it: There is an overlap resistance level which is slightly below the 127.2% Fibonacci retracement. Stop loss: 1.75584 Why we like it: There is an overlap resistance level which aligns with the 88% Fibonacci retracement. Take profit: 1.74155 Why we like it: There is a pullback support level. 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
Bearish reversal?GBP/CAD is rising towards the pivot which has been identified as an overlap resistance and could potentially reverse to the 1st support which acts as an overlap support. Pivot: 1.75133 1st Support: 1.74061 1st Resistance: 1.75973 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Short
by ICmarkets
1
GPBPCAD POTENTIAL SHORT OPPORTUNITY Hey everyone what's going on! Joseph here just wanted to make another post for you all for the week ahead on a swing opportunity I see here on GBPCAD! Going to make it short and sweet for you all so you can all set this on your watchlist and go enjoy your lives! So let's dive in OK so starting on the higher TF on the weekly timeframe we can see that GBPCAD has been rising to the upside for some time... Without any real pullbacks. Meaning no big "discounts" for some time now. What I also see is on the weekly and daily timeframe price came into a significant supply level...followed by a BOS (break of structure) to the downside printing new daily lows in the market. Showing us that this market has now turned into a seller controlled market vs before being a bullish or buyer/demand driven market. Something that also really grabbed my attention that added to the confluence of this idea is the momentum/strength of the sellers. They came off of this supply zone very strong! Showing larger orders and more strength showing a supply driven market with more sellers than we have buyers and a dominance of sellers that if we are looking to sell also is a good sign to see! OK so now it comes down to supply levels to be able to take action from to join into this new formed supply driven market. On my chart I am showing the level I have the most confluence for around the 1.74900 price zone. Also since this is a newly formed downtrend the buyer may try to hit a larger buy order one more time before the sells happen (also providing liquidity to the seller) to then make a larger move and new low to the downside from supply. Which is more likely to happen since it is a newly formed downtrend like I stated! OK guys so this is my analysis for GBPCAD some good signs with price action pointing towards that next swing move being to the downside so keep an eye out and please boost this post and follow my page for more high accurate analysis! Cheers! Happy 4th everyone!
Short
by JosePips
3
ICT Breaker & Mitigation Blocks EXPLAINEDToday, we’re diving into two powerful concepts from ICT’s toolkit that can give you an edge in your trading: Breaker Blocks and Mitigation Blocks. There are one of my favourite PD Arrays to trade, especially the Breaker Block. I’m going to explain how I interpret them and how I incorporate them into my trading. Stay tuned all the way to the end because I’m going to drop some gold nuggets along the way" Ok, so first of all let’s go through what both these PD Arrays look like and what differentiates them, because they are relatively similar and how they are used is practically the same. On the left we have a Breaker Block and on the right a Mitigation Block. They both are reversal profiles on the timeframe you are seeing them on, and they both break market structure as you can see here. The actual zone to take trade from, or even an entry from, in the instance of this bearish example is the nearest down candle or series of down candles after price makes a lower low. When price pulls back to this area, one could plan or take a trade. The defining difference is that a Breaker raids liquidity on its respective timeframes by making a higher high or lower low before reversing, whilst a Mitigation Block does not do that. For this reason, a Breaker is always a higher probability PD Array to trade off from. As you should know by now if you are already learning about PD Arrays such as these is that the market moves from one area to liquidity to another. If you don’t even know what liquidity is, stop this video and educate yourself about that first or you will just be doing yourself a disservice. Alright, so let’s go see some real examples on the chart. Later on I’ll give you a simple mechanical way to trade them, as well as a the discretionary approach which I use. And of course, some tips on how to increase the probability of your setups.
Education
by Road_2_Funded
GBP/CAD Ready for Short...The GBPCAD price is nearing a bearish order block, which could lead to a potential rejection between 1.75283 and 1.76063. Additionally, there is an unfilled imbalance in the range of 1.74736 to 1.74970. Share your thoughts in the comments section. Fundamentally The Canadian Dollar faced pressure following the release of official data indicating unexpected job losses in June, increasing the likelihood of another interest rate cut by the Bank of Canada. The Pound to Canadian Dollar exchange rate (GBP/CAD) surged to 1.7441, reaching its highest point since mid-June, as Statistics Canada reported a loss of 1.4K jobs in June, falling short of the expected 22.5K job growth. This decline from the 26.7K jobs added in May suggests that the previous strong figure was an anomaly, masking a clear trend of deterioration in the labor market. With Canada's unemployment rate climbing to 6.4% from 6.2%, the Bank of Canada may be more inclined to implement a second interest rate cut.
Short
by The_Golden_Path
1