GBPCAD Shorthere i have a quick short selling opportunity for intra-day position, this is just my idea and not meant for anyone to act upon. you take the trade, i wouldn't take the praise for the winner neither will i take the blame when it loss'
GBPCAD trade ideas
GBPCAD Outlook💹 Forex:
📈 Bullish Outlook:
GBPCAD has been breaking into new highs on our Weekly, Daily, and 4hr time frame.
Long term time frame (1W): Price has been surfing above the 10ema.
Intermediate time frame(1D): Price is re-accumulating.
Entry time frame (4hr): Price has re-accumulated below the 10ema.
Entry time frame (4hr): I'm interested in longs if price can get above the 10ema and start showing strength.
Keeping an eye on this. 👁️
GBPCAD - Possible setup.GBPCAD: Currently in a bearish trend. Consider taking a short entry if the support level breaks down. Stop loss (SL) and take profit (TP) levels are highlighted on the chart.
Swing short for GBPCADEntry: 1.744
TP1: 1.73
TP2: 1.69
SL: 1.807
GBP policy rate decision tomorrow, RSI overbought on daily chart, approaching major resistance level
GBPCAD - Sell SetupGBPCAD has broken the previous HL after printing Bearish Divergence on RSI.
Entry point on the break of Support.
GBPCAD BEARISH IDEAGBP Is Weak Against CAD. SEASONALITY Shows GBPCAD IS BEAISH TILL September 5. Also, Make A New LL ON 4H TF
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
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.
GBPCAD Trading PlanGBPCAD Trading Plan
Rising channel breakout and retested and looking for bearish move
GBP/CAD SHORT FROM RESISTANCE
Hello, Friends!
The BB upper band is nearby so GBP-CAD is in the overbought territory. Thus, despite the uptrend on the 1W timeframe I think that we will see a bearish reaction from the resistance line above and a move down towards the target at around 1.764.
✅LIKE AND COMMENT MY IDEAS✅
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.
ACCORDING TO DOW THEORY CONCEPTIN this GBPCAD chart trend is about to reverse from bullish market to bearish market. I can say so because series of Higher High and Higher low has stoped
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
GBPCAD(Short) High RRTurtle soup Trading Strategy
The Turtle Soup strategy, however, flips the script, aiming to profit when those anticipated trend.Linda Raschke’s Turtle Soup strategy is a counter-trend trading approach that capitalizes on failed breakouts.
It takes inspiration from the famous Turtles trading experiment, where novices were trained on a trend-following system.
240 min short gbpcadBroken trendline which will lead to shorting positions up to the indicated support level.
GBPCAD (Sell) ShortWe have been given a reversal on higher time frame where the price is right now we can sell our take profit is at weekly bend.
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
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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.
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GBP/CAD Potential shortHi Traders.
We see this pair was in an ascending channel.
we reached a double top area and now we see a LTF bearish impulse out of the ascending channel. now we are forming a LTF correction, when we see a breakout from the ltf correction we can expect more down movement.
GBPCAD: Time For Pullback?!GBPCAD hit a strong level of horizontal resistance last week. The market had been consistently increasing within a rising wedge pattern.
Following a test of the horizontal resistance, a downward movement initiated and the pair broke closed below the wedge's support.
Since the pair is currently in an overall bullish trend, this breach could lead to a retracement. The target for this pullback is set at 1.7727.
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.
GBPCAD - 4hrs ( Sell Trade Target Range 200 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 ( Short )
Type : Mid Term Swing
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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
GBPCAD sell this morning for 35 pips using evening star patternI entered this trade at 9am est after the evening star formed on the 8hr time frame . I identified that gbpcad was also at a past level of resistance where it reversed before . And also seeing that the past uptrend was being broken .
