GBPCAD trade ideas
How To Hedge And Protect Forex PositionsHedging is at the core of risk management for many Traders.
It has to be done correctly however, and proportions must be accurate.
Risk plans are what make trading work, so this may be an interesting avenue.
Gbpcad We have alot of positions that we will be looking at for the week so we expect price to go up a little back to the zone and then we sell just same setup every time 🙂
GBPCAD BUYING SETUPAm set to look for buying opportunity once the market break the small range & key level to upside
GBPCAD...BUYAfter the price reaches the specified level,
Enter the buy deal with the Hammer candle or Ingulf candle signal
Consider your risk management before entering a trade.
This analysis is for informational purposes only and does not constitute investment advice.
All consequences of using this signal are at your own risk.
GBPCAD TRADE SETUP✔Pair Name: GBPCAD
👍 Classic bullish formation
👍 Our team expects Bull run
SUGGESTED TRADE: Dear Traders Hope everyone is well. I will now talk about GBPCAD I can see here that Price in near the zone ! Slowly entry and use proper money management okay guys !
If your analysis matches with this then you can follow and share your opinion with me.
Start protection of your profits from LTF retest levels.
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GBPCAD for Fluffy CatWe ran into some tech issues, and we will work with the live stream provider in the coming week. Anyway, there isn't much for us on GBPCAD.
The Higher-Timeframe, Weekly and Daily chart is showing a bullish trend, however the 4-hourly and 1-hourly chart is on a bearish trend.
Key Resistance level at 1.7634
Key Support level at 1.7467
Given a choice, any of my 12 pairs would be a better fit compare to GBPCAD.
GBPCAD In Bearish Trend (Fundament + Technical Analysis) This analysis anticipates a bearish movement in GBP/CAD , supported by a combination of seasonality, interest rate policy changes, and market positioning:
Fundamental Analysis:
1- Seasonality Impact:
Historical data suggests that the GBP tends to weaken during the early part of August. This seasonal trend is observed year after year, making it a reliable indicator for traders. The current price movement aligns with this seasonal pattern, providing a solid foundation for a bearish outlook.
2. Interest Rate Cuts:
Recently, the Bank of England has hinted at potential interest rate cuts to counteract slowing economic growth and persistent inflation concerns. Interest rate cuts generally reduce the attractiveness of a currency because they lead to lower returns on investments denominated in that currency. As the market starts pricing in these anticipated rate cuts, we’ve seen a noticeable shift from bullish to bearish sentiment for GBP. This shift is significant because it indicates that the broader market is now expecting GBP to weaken further, which directly impacts pairs like GBP/CAD.
3. COT Report - The Institutional Perspective:
The Commitment of Traders (COT) report offers insight into the positions of various market participants. The latest report shows that non-commercial traders, often referred to as "smart money," have begun reducing their long positions in GBP. This reduction is a clear signal that institutional investors, who typically have a longer-term view and access to more comprehensive data, are expecting GBP to decline. The decrease in long positions adds a layer of bearish sentiment to the market, further supporting our downside expectations.
Technical Analysis: Precision in Entry Points
Entry 1 - Break of the Higher Low:
The first entry opportunity arises if the price breaks below the most recent higher low on the 4H timeframe. A break of this level would indicate that the bearish momentum is strong enough to push prices lower. Entering at this point allows us to join the trend early, capturing a larger portion of the move.
Entry 2 - Retracement Entry:
Often, after breaking a key support level, the price will retrace back to retest this level, which now acts as resistance. This retracement provides a second entry opportunity. By entering at this point, we can secure a better position with a more favorable risk-reward ratio. This entry is particularly attractive for traders who prefer to wait for confirmation of the trend before committing to a trade.
1:3 Risk-Reward Ratio Target
GBPCAD Is Goes DownIf the failure of the ceiling of the ascending channel is confirmed, it can be up to the middle line of the channel at the beginning of the work
and in the second place to drop to the bottom of the channel
A Long trade on GBP/CAD on Daily TF.Here is a Long trade on GBP/CAD on 1 DAY Time Frame forming ASCENDING CHANNEL and Following "DOW THEORY".
Long-term Short IdeaExpecting this pair to continue the sell momentum from marked areas. However i'm expecting a nice buy from the lower level
GBPCAD Waiting for the 1D MA200 to confirm the bottom.The GBPCAD pair broke this week below its 1D MA50 (blue trend-line) and is (including today) on a 2 day green streak. However this is technically not convincing for us to buy as despite holding the Internal Higher Lows trend-line, it is the 1D MA200 (orange trend-line) that has confirmed the major Higher Lows (bottoms) of the 11-month Channel Up.
In fact, it was a similar Internal Higher Lows trend-line that broke on April 01 2024 and despite a short-term rebound, broke downwards to confirm a bottom on the 1D MA200. As a result, we are waiting for that ideal technical opportunity to long and target 1.8000.
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GBPCAD LONGA bullish pennant pattern has been made, we wait for a successful breakout before we go long . Let me know what you think in the comment section
1:5 Risk to rewad 7 Dimension Buy setup For GBPCAD Core Analysis Method
Smart Money Concepts
😇 7 Dimension Analysis
Time Frame: H4
1: Swing Structure: The structure is totally bullish with proper BOS, taking two inducements. The corrective swing move with 4 pullbacks is almost done, indicating an upside reversal or impulsive move is about to start. All POIs, OBs, SOBs, BBs, FVGs, and LIQs have been mitigated. The current price is in the discounted zone, with support and demand also present.
2: Pattern
🟢 CHART PATTERNS
Reversal: Will monitor for any bullish patterns forming; none observed yet.
🟢 CANDLE PATTERNS
Record session and shrinking candle patterns are forming and finalizing themselves at the POI.
3: Volume
🟢 A massive volume was observed during the corrective move, but it has significantly decreased, indicating profit-taking or a trap for sellers.
4: Momentum RSI
🟢 In the sell zone with a range shift and divergence at the top of the move, indicating weaker bullish control. Observing what happens at the POI.
5: Volatility Bollinger Bands
🟢 After contraction, a squeeze breakout and walking on the band conditions are fulfilled. The great expansion is also about to end, indicating that bearish-side volatility is ending. The price may do a small consolidation at this level, and with the support of the bullish structure, the next volatility might go towards the bullish side.
6: Strength ADX
Total sideways at this point.
7: Rating: ⭐⭐⭐⭐ (because momentum is not supporting this setup yet, but all other parameters indicate an initial bullish setup)
✔️ Entry Time Frame: H4
✅ Entry TF Structure: Bullish
☑️ POI: Extreme Order Flow
💡 Decision: Buy limit
🚀 Entry: 1.7406
✋ Stop loss: 1.7257
🎯 Take profit: 1.8161
😊 Risk to reward Ratio: 5RR
🕛 Expected Duration: 15 days
SUMMARY: The analysis suggests a buy position based on Smart Money Concepts methodology, with structure, patterns, volume, momentum, volatility, strength, and sentiment indicating a potential bullish move. However, the momentum is currently not fully supportive, so caution is advised.
GBPCAD Simple Trading PlansGBPCAD, similarly to other GBP pairs has been hit lower on a weaker GBP, following risk off waning.
Long zones approach. Great time to kill all shorts in prep for potential rebound.
