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British Pound / Canadian Dollar

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GBPCAD trade ideas

GBPCAD Long Fakeout Trade GBPCAD Long Fakeout Trade We closed below Previous Day Low and then returned above. Stop Loss 10 pips below the wick: 1.79793 Take Profit: 1.80425 1. R:R 1:1, 0.5% Risk 2. After reaching TP closing half and moving SL to Breakeven 3. Trailing the rest with market structure on M15 Close the loser before hitting full SL if price moves back to the breakout level without follow-through. Close the winner if a reversal signal forms (e.g., engulfing pattern, pin bar), especially on higher timeframes like H1. *No important news for GBPCAD today*
Long
by Marteyfx
GBPCAD Technical Analysis and Trade Idea👀 👉 GBPCAD has recently broken its market structure to the upside, signaling a potential bullish opportunity. The breakout is evident on both the daily and 4-hour charts, suggesting a buying setup could be forming. In this video, we’ll analyze the market structure, price action, and focus on the prevailing trend. We’ll also highlight a potential trade setup, contingent on the price action aligning with our outlined scenario. **Disclaimer:** This content is for educational purposes only and should not be interpreted as financial advice. Always conduct your own analysis or consult a financial professional before making any trading decisions. 📊✅
Long
by fxtraderanthony
GBPCAD POTENTIAL LONG OPPORTUNITYHello Everyone! How are you all? GbpCad is a pair to watch this week, because it is shaping up very nicely for a bullish trend continuation that we can capitalize on. So, I will be looking for a bullish continuation because of the following reasons: 1. The overall trend is bullish 2. The price has formed a continuation structure. 3. The price is approaching the value area. Game Plan: If the price comes to the VA, and rejects at that level or sweeps the Low, and makes a bullish impulse followed by a 15mins flag with two highs and lows. Entry : will look for a risk long entry within the flag or a reduced risk entry on the breakout of the flag.
Long
by DTreasureMarketHub
GBP/CAD Sell Trade IdeaTechnical Analysis: Resistance Level: GBP/CAD has reached a strong resistance , which has been tested multiple times without a breakout. Sellers have shown strength at this level. Candlestick Pattern: A potential Bearish Engulfing pattern has formed on the 4-hour chart, suggesting a possible reversal from the current resistance. Indicators: RSI is approaching the overbought zone, currently around 70, indicating that the pair may be overextended. Fundamental Analysis: Ongoing concerns around the UK economy and uncertainties regarding the Canadian dollar due to oil price fluctuations make the case for a weaker GBP and stronger CAD in the near term. Risk Management: Ensure to adjust the position size according to your risk tolerance and keep your risk below 1% of your total capital.
Short
by mohammad_alavi
1
GBPCAD - Technical Analysis [Short Setup]🔹 GBPCAD Analysis on 1HR chart - The current Trend BULLISH - Bearish Divergence is Present - No Reversal pattern - If HL breaks, we will take short position 🔹 Trade Plan - Entry Level = 1.78051 - Stop Loss = 1.78599 - TP1 = 1.775 - TP2 = 1.7696 🔹 Risk Management - First TP is 1:1 - Second TP is 1:2 🔹 How to Take Trade? - Only risk 2% of your portfolio - Take 1% risk entry with 1:1 RR - Take 1% risk entry with 1:2 RR Like and subscribe to never miss a new idea! ✌🏼
Short
by Bountysoul
THOUGHTS ON GBP/CADGBP/CAD 1M - As you can see with this pair I have gone ahead and marked out three areas of interest I feel price may come to trade up and into before we see price trade us lower longer term. I am set on this market being a bearish one longer term that is what the 3 month structure suggests, giving us clear indications of bearish structure. We should therefore be looking for areas of interest to go short from. With us having three areas to look to get involved from we just have to be patient now and wait for price to deliver us with the right pieces of confirmation in order for us to get involved. With me following the laws of structure and Supply & Demand balance I will be waiting for relevant breaks. Once we have a break in structure in or around one of three areas thats when I will be looking to take part in the market with short orders.
Short
by Lukegforex
3