G/CAD Swing BuyMultiple time frame correlation in addition to multiple time frame +CoG confluence and a very obvious uptrend. Price appears to be in the corrective phase, pulling back into HTF Demand where we will be looking for entries.
GBPCAD trade ideas
GBP/CAD – Potential Reversal GBP/CAD is showing signs of exhaustion after a strong rally. Price has hit resistance around 1.87, and rejection at this level aligns with my short setup.
🔹 Reasons for the Short:
✔️ Price struggling to break above key resistance.
✔️ Overbought conditions on the Stochastic Momentum Index (SMI).
✔️ Volume declining, signaling potential weakness in bullish momentum.
🎯 Target: 1.8146
🛑 Stop Loss: 1.8796
If price fails to hold this level, we could see a deeper pullback. Watching closely for further confirmation!
What’s your take on GBP/CAD? 🔥👇
#GBPCAD #ShortTrade #Forex #TechnicalAnalysis #Trading
GBP-USD Bearish Breakout! Sell Limit!
Hello,Traders!
GBP-USD was trading in an
Uptrend and the pair was locally
Overbought so as we are seeing
A bearish breakout we are
Locally bearish biased
And we can set a Sell Limit
Order at 1.8649 with the
Target being 1.8465
And the Stop Loss at 1.8773
Slightly above the local high
Sell!
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GBPCAD change its TRENDReady for next move of GBPCAD
Divergence in RSI checked
Sentiments are 90+ Bullish
Wait for break of HL
GBPCAD Will Move Lower! Sell!
Please, check our technical outlook for GBPCAD.
Time Frame: 1D
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a key horizontal level 1.865.
Considering the today's price action, probabilities will be high to see a movement to 1.822.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
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GBPCAD-SELL strategy 6 hourly chart Line Break (2)The pair remains very overbought, and considering most indicators, the pair has the potential to move back towards 1.8300 short-term.
Strategy SELL or ADD @ 1.8660-1.8700 and take profit near 1.8367 for now.
Bearish biasPound Cad, may correct after having in a bull-run, since the beginning of the year until now. If price action remains under 1.88000, the pair may correct towards the halfway mark or even lower in preparation for another bull run.
Conversely, if the price manages to move above the 1.88000 region, continued growth would be expected.
GBPCAD INTRADAY sideways consolidation supported at 1.8516The GBP/CAD currency pair price action sentiment remains bullish, supported by the prevailing long-term uptrend. Recent intraday movements indicate sideways consolidation near the previous resistance level, which has now become a new support zone.
Key Levels and Price Action
The critical trading level to watch is 1.8516, representing the previous consolidation price range. A corrective pullback to this level, followed by a bullish rebound, could signal continued upward momentum. In this scenario, the pair may aim for upside resistance levels at 1.8720, 1.8780, and 1.8900 over the longer timeframe.
Conversely, if the 1.8516 support level fails to hold and a confirmed daily close occurs below this level, the bullish outlook would be invalidated. This could lead to a deeper retracement, targeting the 1.8417 support level, followed by 1.8350 and 1.8285.
Conclusion
The sentiment remains bullish as long as the 1.8516 support level holds, with potential upside targets at 1.8720, 1.8780, and 1.8900. A confirmed breakdown below 1.8516 would shift the outlook to bearish, signaling a move towards 1.8417, 1.8350, and 1.8285. Traders should carefully monitor daily closing levels to assess potential sentiment shifts and trading opportunities.
This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
Trade Recap: GBP/CAD Long PositionTrade Recap: GBP/CAD Long Position
Trade Details:
Entry: January 15, 2025, at 1.75042
Stop Loss: 1.73868
Take Profit: 1.8251
Pips Gained: Approximately 1008 pips
Technical Analysis:
Trend: Upward momentum observed
Oscillators: Oversold conditions indicated a potential reversal
Fundamental Analysis:
GBP: Positive outlook due to higher government and consumer spending expected to aid the UK's economic recovery in 2025
FT.COM
CAD: Bearish sentiment as the Bank of Canada cut interest rates by 50 basis points to 3.25% on December 11, 2024, despite adopting a more hawkish stance
REUTERS
Outcome:
Result: Trade reached the take profit target, securing a gain of approximately 1008 pips
Note: Trading involves significant risk. Past performance does not guarantee future results.
GBP/CAD BEARS ARE GAINING STRENGTH|SHORT
GBPCAD SIGNAL
Trade Direction: short
Entry Level: 1.864
Target Level: 1.808
Stop Loss: 1.901
RISK PROFILE
Risk level: medium
Suggested risk: 1%
Timeframe: 1D
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Bullish momentum to extend?GBP/CAD is falling towards the pivot and could bounce tot he 1st resistance which is a pullback resistance.
Pivot: 1.8515
1st Support: 1.8403
1st Resistance: 1.8751
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GBPCAD-SELL strategy Daily chart - Line Break (2)The pair is way overbought for the right reasons, but as they always say, whatever goes up, must come down. RSI is extreme, and on shorter time frames, we have some red block starting to appear.
Strategy SELL current @ 1.8650-1.8700 and take profit near 1.8197 for now.
GBPCAD INTRADAY sideways consolidation supported at 1.8516The GBP/CAD currency pair price action sentiment remains bullish, supported by the prevailing long-term uptrend. Recent intraday movements indicate sideways consolidation near the previous resistance level, which has now become a new support zone.
Key Levels and Price Action
The critical trading level to watch is 1.8516, representing the previous consolidation price range. A corrective pullback to this level, followed by a bullish rebound, could signal continued upward momentum. In this scenario, the pair may aim for upside resistance levels at 1.8720, 1.8780, and 1.8900 over the longer timeframe.
Conversely, if the 1.8516 support level fails to hold and a confirmed daily close occurs below this level, the bullish outlook would be invalidated. This could lead to a deeper retracement, targeting the 1.8417 support level, followed by 1.8350 and 1.8285.
Conclusion
The sentiment remains bullish as long as the 1.8516 support level holds, with potential upside targets at 1.8720, 1.8780, and 1.8900. A confirmed breakdown below 1.8516 would shift the outlook to bearish, signaling a move towards 1.8417, 1.8350, and 1.8285. Traders should carefully monitor daily closing levels to assess potential sentiment shifts and trading opportunities.
This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
GBP/CAD The bias for GBP/CAD on the 4-hour chart is currently leaning toward a short position, with the expectation that the price will dip to retest a key demand zone before resuming its upward movement. This outlook is supported by recent price action, where the market has shown signs of consolidating below previous highs, indicating potential exhaustion of upward momentum. A pullback to the demand zone offers a logical opportunity for a price retracement, where buyers may step in and drive the price higher. We are watching for a potential reversal at this demand area, which could provide a favorable entry point for long positions, anticipating a strong rally once the price bounces from this key support level.
GBPCAD-SELL strategy 12 hourly chartThe pair is still very overbought, and of course embedded 'TARIFFS" syndrome. Technically, we have high stochastic and fisher form showing correction possibilities.
Strategy SELL @ current levels 1.8650-1.8700 (or add to shorts) and take profit initially at 1.8427.
GBPCAD Buy OpertunityGBPCAD is Bullish and available at its support area.
A long position with RRR 1:1 can be achieved.
GBPCAD- PERFECT SELL SETUP seems like market has formed TOP and now its time to take a corrective move. As compared, Bears have got more weight than Bulls with formation of ABCD pattern, Sentiments more than 90 Percent and Inside bar candle stick pattern as mentioned on chart. WE shall wait for the Formation of 1st LL, which is also a trend line touch zone and a good support level.
GBPCAD - NEW BREAKOUT !Hello Traders !
On the weekly time frame, The GBPCAD price broke the resistance (1.84164 - 1.82638).
This key level becomes new support !
So, I predict a bullish move🚀
_____________
TARGET: 1.89450🎯
GBP/CAD Bearish Setup📉 Bearish Outlook on GBP/CAD – Here’s Why I’m Shorting! 📉
🔎 Fundamental Analysis: CAD Strength Incoming?
1️⃣ Canada’s Economic Data Shows Mixed Signals
Strong Ivey PMI (55.3 vs. 49.2 forecast) ✅
Weak employment numbers (-19.7k full-time jobs) ❌
25% U.S. tariffs on Canada → CAD at risk, but sentiment still holds.
2️⃣ GBP Faces Headwinds
BOE’s Dovish Stance keeps rate cut expectations on the table.
UK economic growth concerns limiting GBP upside.
3️⃣ Risk Sentiment Supporting CAD
If oil prices stabilize, CAD could gain further.
Markets adjusting to trade war concerns—watch USD/CAD for clues!
📊 Technical Breakdown – GBP/CAD Short Setup
🔹 Price Rejected from Key Resistance near 1.7250-1.7300
🔹 Bearish Engulfing Candle forming on H1/H4 timeframe
🔹 50 SMA Crossing Below 200 SMA = Bearish Momentum Confirmed! 🔥
🔹 RSI Showing Bearish Divergence → Momentum weakening!
🎯 Target Zones for the Short: ✅ TP1: 1.7100 (Key support level)
✅ TP2: 1.7000 (Major psychological level)
🚨 SL: 1.7350 (Above recent highs)
GBPCAD Wave Analysis – 10 March 2025
- GBPCAD rising inside minor impulse wave 3
- Likely to reach resistance level 1.8800
GBPCAD currency pair continues to rise inside the minor impulse wave 3, which belongs to the sharp intermediate impulse wave (3) from last year.
The price earlier broke through the key resistance level 1.8230 (a former multi-month high from December) –which accelerated the active impulse waves iii, 3 and (3).
Given the clear weekly uptrend, GBPCAD currency pair can be expected to rise to the next resistance level 1.8800 (target price for the completion of the active impulse wave (3)).
GBPCAD buy trade the price is in up trend
after breaking the HH structure zone and complate the BREAKOUT phase I waited for the retest on the same broken zone
when the price made the retest I shifted to lower Tame frame to identify the structure (the structure on the Pulback phase)
my confirmation was at the break of the LL on the pullback phase so after getting it I took the trade .
GBPCAD: One More Wave Ahead?! 🇬🇧🇨🇦
GBPCAD is positioned to continue rising to new highs.
A bullish breakout of a neckline of the ascending triangle
pattern on a 4H time frame provides a strong trend-following bullish signal.
With a high probability, the price will reach 1.868 level soon.
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