Get started

British Pound / Canadian Dollar

No trades
See on Supercharts
Overview News
Ideas
Discussions Technicals Seasonals Economic Calendar

GBPCAD trade ideas

POTENTIAL SHORT TRADE SET UP FOR GBPCADAnalysis: Utilizing chart patterns, highs & lows, and impulses & corrections, the focus is on identifying a continuation corrective structure following a breakout. Entry: The price advanced toward the previous swing high zone, supported by an ascending structure on the higher time frame (HTF), before sharply declining from the swing high area. Following this, the price broke below the inner ascending structure, confirming a bearish reversal. After a brief pullback on the mid-time frame, it formed a bearish continuation pattern. We are now considering an entry based on a small bearish continuation structure, targeting the immediate swing low and, subsequently, the base of the ascending structure. Expectation: A downward move is expected, with the initial target at the immediate swing low, followed by the base of the ascending structure. ⚠️ Reminder: Conduct your own analysis and implement proper risk management, as forex trading carries no guarantees. This is a high-risk endeavor, and past performance does not predict future outcomes. Trade responsibly!
Short
by TheTradingAmbience
GBP/CAD Potential short opportunity 📉 Price is back into a key supply zone, signaling a potential reversal. Before executing, I’m watching for: ✅ Further confirmation on H1 or H4 ✅ A clear Change of Character (CHoCH) ✅ Liquidity sweep to trap early buyers ⚠️ Patience is key! Let the market show its hand before entering. A strong rejection and lower timeframe breakdown could confirm the setup. 📊 What’s your take? Are you seeing the same setup? Drop your thoughts below! 👇 #GBPCAD #ForexTrading #SmartMoney #LiquiditySweep #CHoCH #PriceAction #ForexSetup
Short
by theunscriptedacademy
2
Potential bullish rise?GBP/CAD has reacted off the pivot and could rise to the 1st resistance which aligns with the 61.8% Fibonacci retracement. Pivot: 1.7869 1st Support: 1.7786 1st Resistance: 1.7980 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.
Long
by ICmarkets
GBPCAD’s Bullish Surge: What’s Next? 💹 The GBPCAD has been in a strong bullish trend, reaching into previous highs on the daily timeframe—a key liquidity zone! 💰 This is a crucial area where smart money may take profits or induce a retracement before the next move. 📉 Given that price is currently overextended, I’m not looking to buy at these highs. Instead, I’ll be watching for a potential pullback into an unresolved imbalance, where we could see a high-probability long setup—if price action confirms the move. 🧐 💡 Patience is key in trading. Chasing price at extreme levels often leads to significant losses. I’ll be waiting for the right conditions to align before looking for an opportunity. ⚠️ Not financial advice. Always trade responsibly! 📊 Let me know your thoughts in the comments below.. 👇
by fxtraderanthony
GBP/CAD Long SwingGbp/Cad is trading currently at significant resistance level. Many traders are expecting price to drop from here and sentiment is on downside. But looking at current priceaction and fundamentals connected to canadian dollar. I personaly expect prices to go higher from here. First target are highs from May 2018. Looking on monthly and weekly timeframes we can cleary see momentum to upside and during last two weeks there has been only buying and no selling, plus looking on latest COT reports institutions are heavly selling CAD. If this level holds it's a good sign for more upside.
Long
by VarisSvard
GBPCAD Testing Rising Support - Likely to Head Toward ResistanceGBPCAD is testing support, and the support levels are rising. This means that the price has been bouncing higher from these levels each time. I believe that after this test, the price will bounce up again and move towards the resistance level, which is clear and straightforward. The fact that the support is holding and moving higher makes it more likely that the price will continue up, as the market seems to be gaining strength.
Long
by FXTradingAnalysis
hedging territory, direct breakdown or upside wicks breakdownhedging territory, direct breakdown or upside wicks breakdown Neutral zone depends on upcoming news Check out our socials for some nice insights. Let us know if there're any pair you like to see or if this is something you like. Do ask if you have any question Not as refined as our direct trade setups. More for advanced active traders. information created and published doesn't constitute investment advice! NOT financial advice
by Mabelm
USD/JPY (Trade Recap -0.5%) and GBP/CAD ShortGBP/CAD Short Minimum entry requirements: • Corrective tap into area of value. • 4H risk entry or 1H risk entry after 2 x 1H rejections. Minimum entry requirements: • Tap into area of value. • 1H impulse down below area of value. • If tight non-structured 5 min continuation follows, reduced risk entry on the break of it. • If tight structured 5 min continuation follows, reduced risk entry on the break of it or 5 min risk entry within it. • If tight non-structured 15 min continuation follows, 5 min risk entry within it if the continuation is structured on the 5 min chart or reduced risk entry on the break of it. • If tight structured 15 min continuation follows, reduced risk entry on the break of it or 15 min risk entry within it.
Short
by StewySongs
GBPCAD BEARFISH FOR 100PIPS Resistance: Look for recent highs or key resistance levels where price might struggle to break higher. Support: Identify strong support levels where the price might find a floor or reverse. A break below a key support level could trigger further bearish movement, especially if there is a pattern like a break of a trendline, a double top, or a head-and-shoulders formation. Technical Indicators: Moving Averages: If the price is below key moving averages (like the 50-period or 200-period MA), it might signal a bearish trend. RSI: A reading below 30 could indicate oversold conditions, but if RSI is trending lower, it might indicate continued bearish momentum. MACD: A bearish crossover (where the MACD line crosses below the signal line) could confirm the bearish forecast. Fundamental Factors: Interest Rates: The Bank of England (BoE) and the Bank of Canada (BoC) monetary policies can significantly affect GBP/CAD. If there is a divergence in their interest rate outlooks, it can influence the pair’s direction. Economic Reports: Keep an eye on economic data such as GDP, inflation, and employment reports from the UK and Canada, as these can affect market sentiment.
Short
by LORDOFTHETRADERS
GBPCAD1.4h 2downtrend/bos we wait the retest to sell /done 3resistance level/support / 4double top/double top form and breake out structure/ 5rsi78/sto91/Vol bearish//rsi65/sto40/Vol bearish//rsi46/sto12/volbearish//rsi33/sto0/vol bearish 6.vol bearish/we wait the sell confirmation/rsi44/sto76/volbearish 7fiibex done at the perfect zone to sell///in red zone prepare to sell, above zone/ 8fibretrac blue zone perfect zone to sell// done at blue, above zone/ 9 big sellers enter here …/about tp sell because the gap didn’t break the resis zone yet 10.load sell orders 11r/r1/3,1/4,1/6 12bearish divergence / bearish divergence //bearish diveegence/bearoish divergence/ 13bearish expanding triangle /bearisharami/spinning top/evening star/tweezer top 14 bearish flag pattern /bearish Downtrend support zone sell after retracement If the fib does not reach the 61zone then is a strong downtrend Since is Tuesday a sell can be possible since the highs are already formed Market about to retrace and fib target above to sell 1.2h 2downtrend 3resistance level/support zone/lkv 4rising wedge /bearish pannent /bearish expanding triangle/ 5rsi60/sto67/volpower loss and selling getting geround/rsi65/sto49/volbearish 6.rsi64/sto72/vol if breaks te resis zone above we look for buy entries 7fibextern blue zone exoec/pattern drawn/exp 8fib retrac redzone breakout structure/bearish expectation/exp 9strong zone /sell at te highest cprice 10expecting sell at the bos zone 11.1/2,1/3,1/4,1/6//1/3 12bearish divergence /bearish divergence / 13bearish engulfin/three dark soldiers/marobusa /tweezer top/ 14. bullish and sell later Because of usa new tomorrow we wait to sell at the fibex blue zone above or execute below thehl of the bearish pannent (sell) Bos at the bearish exp triangle we expthe second retracement to sell down 1.1h 2consolidation/downtrend/ 3resistance/resis/supportzone 4symmentric expanding triangle/double top 5rsi58/sto77/volbull insisting but a bearish signal s good to sell /rsi68/sto82/vol//rsi34/sto17/vol bearish 6,new sell positin entering , expect sellers 7fibex done/exp 8fibretrac done /exp 9expectx selerssells/sell below the fibzones 10wait the retracement first before selling 11.1/2,1/3 12bearish divergence/ 13doji spinning top/bearish engulfing / 14 Entry conditions at blue zone selling possibilities (aaasetup)3% x 3 at the 3 interval zone remove 1 tp at support zone and wait te retracement and add sell limit orders Tp 1 at the blue zone down wait retrace and sell more Enter 0.001 at each level / wait the retracement for sell limit order Sell position at zone of interest Satuday analysis done /
Short
by Forexnation237