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GBPCAD trade ideas

VWAP Setup on GBP/CAD with London SweepGBP/CAD has shown a strong reaction at VWAP support, with aggressive momentum and precise institutional buy-ins. Price has also swept a key London session low, which could act as a liquidity grab before a potential move higher. Key Points: VWAP Holding as Support – Price bounced off the two-day anchored VWAP with strong momentum. London Low Sweep – A clear liquidity grab below a key session low before reversing. Major Levels in Play – Some key levels have been broken, adding to the setup’s validity. Fundamentals: Neutral Bias – No strong fundamental drivers pushing GBP/CAD in either direction. This setup is mainly technical. A clean VWAP setup with strong price action—worth keeping an eye on.
Long
by benjaminlombaert
GBPCAD Price ActionHello Traders, As you can see, I've marked the Demand Zone, based on the 2-hour timeframe. Additionally, I've highlighted Liquidity Levels, clearly distinguishing between those already swept and the valid ones remaining. On the 15M timeframe, you'll notice I've marked the Breakout Block, also identified as the Supply Zone. If the price breaks this Supply Zone, you should set a pending order. There are two effective ways to enter this market: either through an FVG (Fair Value Gap) or a Breaker Block entry. Your trade can be held for up to one day, with the stop-loss positioned at the recent swing low. Remember, it's crucial to manage your risk responsibly and avoid greed. This structure repeats itself consistently. Wishing you the best and happy trading! Thank you.
Long
by SuvashishFx
1
GBPCAD is ready For a BuyHello Traders In This Chart GBPCAD HOURLY Forex Forecast By FOREX PLANET today GBPCAD analysis 👆 🟢This Chart includes_ (GBPCAD market update) 🟢What is The Next Opportunity on GBPCAD Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Chart
Long
by ForexMasters2000
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
Short
by EhsanAtai
3
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! Comment and subscribe to help us grow! Check out other forecasts below too! Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Short
by TopTradingSignals
1
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. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. Like and subscribe and comment my ideas if you enjoy them!
Short
by SignalProvider
1
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.
by TradeNation
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.
Long
by Wainainarobert