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GBPCAD trade ideas

#GBPCAD bearish upcoming move A clear 5-wave bearish impulsive move, followed by an ABC bullish correction, sets the stage for a potential bearish wave C or wave 3. From a trading perspective, it’s not crucial whether the next wave is C or 3, as both scenarios indicate a likely bearish move. Additional confirmation comes from the bearish divergence between potential waves 3 and 5 in the current bullish leg (wave C). To enter the trade, ensure you wait for a proper bearish breakout on a lower timeframe for confirmation.
Short
by mohemati
GBPCAD What Next? SELL! My dear subscribers, This is my opinion on the GBPCAD next move: The instrument tests an important psychological level 1.7981 Bias - Bearish Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market. Target - 1.7908 My Stop Loss - 1.8029 About Used Indicators: On the subsequent day, trading above the pivot point is thought to indicate ongoing bullish sentiment, while trading below the pivot point indicates bearish sentiment. ——————————— WISH YOU ALL LUCK
Short
by AnabelSignals
2
GBPCAD - 4hrs ( Buy Trade Target Range 150 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 ( Long ) Type : Mid Term Swing ——————————— Bullish Break 1.79400 Area Reasons - Major Turn level / D - Visible Range Lvn - Quarters low - inner Chanel Break - Fibo Golden - Visible Range hvn - inner Choch Bearish Reversal 1.81000 Area Reasons - Major Turn level / D - Choch Zone - Pattern Target - Fibo Golden - Prv highs
Long
by GentleGoldenEngine
GBPCAD Technical Analysis and Trade Idea👀👉 GBPCAD is displaying a strong bullish trend on the higher time frames, and I’m carefully observing for a potential buying opportunity, dependent on specific conditions discussed in the video. We will examine the essential price action signals to look for and how to position yourself effectively to take advantage of the next move. **Disclaimer**: This analysis is for informational purposes only and should not be interpreted as financial advice. 📊✅
Long
by fxtraderanthony
#GBPCAD 1DAY#GBPCAD 1-Day Forecast Sell based on a Trendline Breakdown On the daily chart for #GBPCAD, we are witnessing a bearish trendline breakdown, signaling a potential sell opportunity. The price has consistently respected a key upward trendline, but recent price action has seen a decisive break below this level, indicating a shift in market sentiment from bullish to bearish. Key Insights: 1. Trendline Breakdown: - After a prolonged period of following an upward trendline, the price has now broken below this support, confirming the loss of bullish momentum. - This breakdown marks the beginning of a potential downward trend, with increased selling pressure. 2. Bearish Momentum: - Following the breakdown, the price is showing signs of bearish momentum, with lower highs and lower lows forming, reinforcing the potential for further downside. - Confirmation of this sell signal can be strengthened by bearish candlestick formations, such as engulfing or rejection patterns near the trendline. 3. Volume Confirmation: - A rise in volume during the trendline breakdown adds credibility to the sell signal, showing stronger participation from sellers. 4. Stop-Loss Considerations: - For a sell trade, place a stop-loss above the broken trendline, in case of a false breakdown or a sudden reversal. #Trading Strategy: -Entry: Look for short positions after confirming the breakdown with a retest or strong bearish price action below the trendline. -Take Profit: Target lower support levels or previous swing lows as potential profit zones. -Stop Loss: Place stop-loss above the broken trendline to limit risk if the price reverses back above the trendline. This technical analysis highlights a sell bias on #GBPCAD for the daily timeframe, with a strong signal from the trendline breakdown suggesting further downside potential.
Short
by PIPSFIGHTER
GBPCAD SHORTGBPCAD SHORT ENTRY 1.78718 STOP LOSS 1.7915 TARGETS 1.7822 , 1.77925 AND 1.7753 The market trend is bearish, with lower lows and lower highs on the daily chart, and the market is now approaching resistance. On the 1-hour chart, a double top has formed, and its breakout occurred at the start of the London session, which is a strong signal to sell. For extra confirmation, a rising wedge pattern has also formed, with its neckline aligning with the double top's neckline. Both have broken out, so we will take the trade on the retest.
Short
by ArtOfTrading33