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GBPCAD trade ideas

GBPCAD LongPAIR: 🆓 FREE 4hr Long Signal GBPCAD has been breaking into new highs on our Weekly, Daily and now our 4hr entry time frame. and surfing above our 10/50/200 EMAs. Price has now had a pullback followed by "AE" advanced engulfing pattern. That makes this a good example of the 10 EMA Advanced Engulfing. For this entry I actually missed it and set an alert so that if price came back to my entry level again before hitting a 1:1 I would have a chance to enter. 🎯 Entry - 1.78156 💰 Take Profit - 1.78941 ❌ Stop Loss - 1.77894
Long
by angelvalentinx
1
1:6 RR Sell Setup for GBPCAD😇 7 Dimension Analysis Time Frame: H4 Swing Structure: The current swing structure is bullish with a recent liquidity sweep followed by an inducement. A deep corrective swing move is highly anticipated, especially after the inducement pullback, which has solidified the bearish internal structure. The extreme Point of Interest (POI) and Order Block (OB) located in the discounted zone is the target area for the corrective move, making this a whale scoop entry model. Resistance has been established with a fake breakout, increasing the likelihood of a bearish move. Pattern: 🟢 Chart Patterns: Reversal: Double Top and Trendline Breakout on the bearish side, along with a Shakeout, indicating a potential reversal. 🟢 Candle Patterns: A long wick spinning top candle has appeared, rejecting the POI, followed by a series of momentum candles, including a bearish engulfing candle. The Narrow Range 7 candle pattern has also given a bearish breakout, supporting the potential downward move. Volume: 🟢 Outside of the fake-out candle, there hasn't been significant volume, suggesting that the highest volume candle might be a decision point where big players have initiated sell positions. Following their lead could be advantageous. Momentum RSI: 🟢 The market is transitioning from a super bullish zone to a sideways phase, with a high probability of a range shift. The bearish divergence in RSI, coupled with loud moves, further supports this scenario. Volatility Bollinger Bands: 🟢 Contraction is just beginning at the POI, and the next steps could involve a squeeze breakout and walking on the band, likely on the lower side. The M pattern and upper band puncher in the Bollinger Bands also suggest a forthcoming bearish trend. Strength ADX: ADX is a lagging indicator, but all other parameters point towards an anticipated bearish move, even if ADX is not yet confirming it. Rating: ⭐⭐⭐⭐ (4 Stars) Probability: 60% This trade setup has a moderate probability, indicating a cautious but potentially rewarding bearish opportunity. ✔️ Entry Time Frame: H4 ✅ Entry TF Structure: Bullish (this is a counter-trade) ☑️ POI: Swing Liquidity Sweep 💡 Decision: Initiate a Sell position. 🚀 Entry: 1.78300 ✋ Stop Loss: 1.7875 🎯 Take Profit: 1.7479 😊 Risk to Reward Ratio: 6RR 🕛 Expected Duration: 7 Days SUMMARY: This H4 analysis suggests a counter-trade opportunity in a bullish structure that is showing signs of a potential bearish correction. The confluence of a liquidity sweep, inducement, and rejection at the POI, along with supporting chart and candle patterns, volume analysis, and RSI divergence, all point to a possible bearish move. The setup is rated with a 60% probability, indicating a moderate level of confidence. The trade should be monitored closely, especially around the entry and stop-loss levels, to capitalize on the expected move.
Short
by Optimum369
Bears in control of GBPCAD, 1hrGBPCAD has always given us proper setups and follows market structure. Previous price action of this pair tells us that its setups are always clear to where its next direction will be. And previously we were in a bullish trend and we reached a very strong resistance zone a with strong momentum of being bearish. We might be going for sells for the rest of the week. The setup will only be solid if we cross 1.77690 which is our current support and that will confirm our selling opportunities.
Short
by AnalysisExpert
GBPCAD: First red day, Tuesday day 2Hi everyone and welcome to my channel, please don’t forget to support all my work subscribing and liking my post, and for any question leave me a comment, I will be more than happy to help you! “Trade setups, not movements” 1. DAY OF THE WEEK (Failed Breakout, False Break, Range Expansion) Monday DAY 1 Opening Range Tuesday DAY 2 Initial Balance ✅ day 3 cycle Wednesday DAY 3 (reset DAY 1) Mid Point Week Thursday DAY 2 Friday DAY 3 Closing Range 2. SIGNAL DAY First Red Day ✅ First Green Day 3 Days Long Breakout 3 Days Short Breakout Inside Day 3. WEEKLY TEMPLATE Pump&Dump ✅ Dump&Pump Frontside Backside ✅ 4. THESIS: Long: not interested, although there is volume trap below yesterday closing price, so potentially a dump and pump of Mon and Tue, the 3 session setup is not part of my entry criteria for a long setup. Short: primary, first red day when setup correctly is a good potential sell high opportunity. Short are in the market and Tue placed a lower low into the current LOW. Tue usually expands the range but this is not the perfect scenario. However, if until 10am MRN release, if the market will place a current HOD, locking it, I will be willing to take a short setup. Please note that the purpose of my analysis is to help me and you hunting the best trade setup for the day, none of my technical aspects are a way to forecast any directional market movement. Gianni
Short
by GianniPichichero
Pullback support ahead?GBP/CAD falls towards the pivot and could bounce to the pullback resistance. Pivot: 1.7755 1st Support: 1.7698 1st Resistance: 1.7850 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
2
GBPCAD Short PositionSeasonality Analysis: Historical data suggests a bearish seasonality for GBPCAD during this period, indicating a higher likelihood of downward movement in the pair. RSI Bearish Divergence: The Relative Strength Index (RSI) is showing a bearish divergence. This occurs when the price is making higher highs, but the RSI is making lower highs, signaling that the upward momentum is weakening and a potential reversal is likely. Trendline Break: The price is approaching a key trendline, and a break below this trendline would indicate a shift from the current uptrend to a downtrend. This break would act as confirmation for entering a short position. Trade Setup: Entry: Use a sell stop order to enter the short position once the price breaks below the key trendline. This ensures that you only enter the trade if the bearish trend is confirmed. Stop-Loss: Place a stop-loss order above the recent swing high or just above the broken trendline to limit potential losses. Adjust the stop-loss level according to your risk tolerance.
Short
by SohailChaudhary
GBPCAD - 4hrs ( Sell Trade Target Range 200 PIP ) Pair Name : GBP/CAD Time Frame : 4hrs Chart / Close Scale Type : Large Scale ------ 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 ( Short ) Type : Mid Term Swing ——————————— Bearish Break 1.77800 Area Reasons - Major Turn level - Visible Range Hvn - Fixed Range Value - Channel Break - Choch - Day Low Bullish Reversal 1.75000 Area Reasons - Major Turn level - Visible Range Hvn - Trend Line - Pattern Target - Quarter's Area - Fibo Golden Zone
Short
by GentleGoldenEngine