GBPCAD Possible SELL The market is currently testing the current weekly major structure. Based on Daily TF, the market is testing 0.786 Fib level.
We could see SELLERS coming in strong should the current level hold.
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GBPCAD trade ideas
Bullish Outlook for GBP/CAD with Key Level at 1.78160The GBP/CAD pair is expected to move bullishly, targeting the 1.78160 level. On the 1-hour chart, the price has successfully broken out of a descending channel, creating a higher high before retracing. This movement is significant, especially with the RSI indicator reaching overbought levels, suggesting strong upward momentum.
I anticipate that a more favorable entry point would be when the RSI dips below the 50 level, indicating a potential pullback within the ongoing bullish trend. This setup strongly supports the view that the pair will continue its upward movement towards the 1.78160 target. We'll see how the market develops from here.
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Stop Loss : Recent Swing High using 2H timeframe
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GBP/CAD BEARS ARE STRONG HERE|SHORT
Hello, Friends!
GBP-CAD uptrend evident from the last 1W green candle makes short trades more risky, but the current set-up targeting 1.768 area still presents a good opportunity for us to sell the pair because the resistance line is nearby and the BB upper band is close which indicates the overbought state of the GBP/CAD pair.
✅LIKE AND COMMENT MY IDEAS✅
#GBPCAD possible head and shoulder formationAs you can see in the chart, we might be observing a potential Head and Shoulders pattern forming on the 1H timeframe in GBPCAD.
Given the bearish market structure on the 4H timeframe, this 1H bullish move could be viewed as a corrective rally within the larger downtrend.
Additionally, there is a bearish divergence between the left shoulder and the head, further strengthening the bearish confluence.
To enter a sell position, I recommend waiting for the price to drop below the 1H EMA (blue line) and then look for a bearish setup to confirm the trade.
GBPCAD (Short)Turtle soup and Smart Money Concept 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.
ENTRY :- SELL -Above opening price (daily) BUY - Below opening price (daily)
STOPLOSS :- above or below recent swing High
1st TARGET :- Book profit 50%
2nd TARGET :- Book profit 25%
3rd TARGET :- Book profit 25%
Consisitency and hard working is the key of success.
KEY OF SUCCESS :-
*) Buy below opening price of Daily Candle AND Sell above opening price of Daily Candle.
*) Do not take risk more than 1% of Equity.
*) Take Profite Should be More then 2% of Equity .
*) Book 50% profit of running trade first and remaining 50% hold for long term.
GBPCAD Trading Opportunity! SELL!
My dear subscribers,
This is my opinion on the GBPCAD next move:
The instrument tests an important psychological level 1.7763
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 - 1.7748
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.
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WISH YOU ALL LUCK
Buy GBP/CAD Triangle PatternThe GBP/CAD pair on the M30 timeframe presents a Potential Buying Opportunity due to a recent breakout from a Triangle Pattern. This suggests a shift in momentum towards the upside and a higher likelihood of further advances in the coming hours.
Possible Long Trade:
Entry: Consider Entering A Long Position Above The Broken Trendline Of The Triangle After Confirmation. Ideally, This Would Be Around 1.7740
Target Levels:
1st Resistance – 1.7794
2nd Resistance – 1.7820
Stop-Loss: To manage risk, place a stop-loss order below 1.7705. This helps limit potential losses if the price falls back unexpectedly.
Your likes and comments are incredibly motivating and will encourage me to share more analysis with you.
Best Regards, KABHI FOREX TRADING
Thank you.
No lower timeframe change of character, onto the next ZONEHello everyone, hope we are all doing very well !.
Price didn't respect the current unmitigated order block because of it's current external shift in structure.
i didn't get the 5mins change of character i was expecting in order to enter for sells so i didn't take this trade.
Next zone for prospective sells is just above, exactly where i marked out.
Let's see what price does once it gets there.
GBPCAD Short trade idea with high ProbabilityTurtle soup and Smart Money Concept 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.
ENTRY :- SELL -Above opening price (daily) BUY - Below opening price (daily)
STOPLOSS :- above or below recent swing High
1st TARGET :- Book profit 50%
2nd TARGET :- Book profit 25%
3rd TARGET :- Book profit 25%
Consisitency and hard working is the key of success.
KEY OF SUCCESS :-
*) Buy below opening price of Daily Candle AND Sell above opening price of Daily Candle.
*) Do not take risk more than 1% of Equity.
*) Take Profite Should be More then 2% of Equity .
*) Book 50% profit of running trade first and remaining 50% hold for long term.
#GBPCAD Bearish move possibilityWe can clearly see a higher timeframe bearish move and lower timeframe corrective bullish move in this pair.
Therefore, I am only interested in selling unless price manage to break structure to the upside by closing above 1H timeframe lower high.
Other bearish confluences that we have is a bearish divergence in 1H timeframe and also hidden bearish divergence in the same timeframe.
REFIXED !!! Wait for lower time frame change of character !.Hello everyone, hope we are all having a wonderful day !.
I still strongly believe price is going to continue its sell.
Wait for a change in character in M5 to M15 then wait for a retest after the CHOCH before selling...these are the confirmations i'm mainly looking forward to before risking my money.
Do not forget to use proper risk and money management if and when you decide to tag in for the sell.
Potential bullish rise?GBP/CAD has reacted off the support level which is a pullback support that lines up with the 38.2% Fibonacci retracement and could rise from this level to our take profit.
Entry: 1.7696
Why we like it:
There is a pullback support that aligns with the 38.2% Fibonacci retracement.
Stop loss: 1.7638
Why we like it:
There is a pullback support level that aligns with the 50% Fibonacci retracement.
Take profit: 1.7829
Why we like it:
There is a pullback resistance level that lines up with the 78.6% Fibonacci retracement.
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Wait for it to touch 1.77500 again on Tuesday and SELLThe trend has changed. We are going down. Using simple OTE levels, you can find short positions.
My confluences for this trade.
- bearish trend in the H4 timeframe
- H4 OTE
- Psychological level 1.77500
- Above the weekly open
- it just formed a double top.
Remember guys, use proper risk management. No trade is a sure trade. Good luck