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GBPCAD trade ideas

Scenario GBPCAD continuation update levelsAccording to the previous prediction, I correctly calculated the short position and today it is just a continuation of this previous analysis with an adjustment of the level and a small description of the whole situation. With my eyes, we see resistance here at the price level of 1.78590. If the market does not break through, a peak has formed here, which ends with a triangle. For me, if there are no news that would reverse the trend, this position is short from my point of view. There may be an even smaller pull back, as I drew, we have the untested fibo level of 0.618, which is full of liquidity.
Short
by Sony97
GBPCAD Faces Key Resistance on Daily ChartThe GBPCAD currency pair has been in a strong uptrend in recent months, primarily due to the British pound appreciating against the Canadian dollar. This trend has propelled the price to around 1.8070, the highest level since 2020, where it encountered significant resistance. After hitting this peak, the price reversed and broke a long-term uptrend line, subsequently retesting this area, which is now acting as resistance. Currently, the price is showing signs of potential rejection at the 50% Fibonacci retracement level (1.7812), indicating selling pressure. It's important to note that the recent bearish movement (from October 30 to November 22) was notably stronger than the preceding bullish movement (from October 3 to October 30), suggesting that sellers have gained momentum after reaching the resistance level on the daily chart. Potential Sell Trigger If the price drops below the 1.7740 mark, it could activate a sell signal, indicating a new bearish phase. The technical setup supports this possibility because: A drop below 1.7740 would negate the previous bullish candle on the daily chart. The 50% Fibonacci level has already shown resistance, signaling price rejection. Sell Opportunity: Entry: If the price manages to close below the 1.7740 in the daily chart. A good entry point could be considered between 1.7740 and 1.7715, a range of 25 pips, maximum. Stop Loss: Above the high of the previous candle, at around 1.7860. Primary Target: Support area around 1.7475. Secondary Target: Extension to 1.7313, which aligns with a historical support zone. Alternative Bullish Scenario Conversely, if the price breaks above the 61.8% Fibonacci retracement at 1.7891, it could suggest that buyers are regaining control, potentially allowing the pair to reclaim recent highs at 1.8070 and move higher. Bullish Signals: If the daily manages to close above 1.7891. Sustained movement above dynamic resistance. A Stop Loss could be placed at 1.7750. Primary target would be around 1.8070, the daily chart resistance. Summary The GBPCAD is at a pivotal point; a break below 1.7740 could lead to a sharp decline, while a breakout above 1.7891 could resume the upward trend. The next direction will hinge on the strength of market participants and confirmation of these critical levels. Disclaimer 74% of retail investor accounts lose money when trading CFDs with this provider. Consider whether you understand how CFDs work and if you can afford the high risk of losing your money. Past performance is not indicative of future results. Investment values may fluctuate, and you may not recover your initial investment. This content is not intended for residents of the UK.
Short
by Marketscom
GBPCAD POSSIBLE SELLThe market is currently testing the current Weekly 0.618 Fib area. Based on 4HR TF, the market seems to be forming a possible reversal pattern. We could see Buyers coming in strong should the current level hold. Disclaimer: Please be advised that the information presented on TradingView is solely intended for educational and informational purposes only.The analysis provided is based on my own view of the market. Please be reminded that you are solely responsible for the trading decisions on your account. High-Risk Warning Trading in foreign exchange on margin entails high risk and is not suitable for all investors. Past performance does not guarantee future results. In this case, the high degree of leverage can act both against you and in your favor.
Short
by WiLLProsperForex
GBPCAD Will Go Lower From Resistance! Sell! Please, check our technical outlook for GBPCAD. Time Frame: 45m Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is on a crucial zone of supply 1.783. The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 1.780 level. P.S Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all. Like and subscribe and comment my ideas if you enjoy them!
Short
by SignalProvider
1
GBPCAD: Deep Correction After Breaking the Uptrend LineWelcome back! Let me know your thoughts in the comments! ** GBPCAD Analysis ! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support! Welcome back! Let me know your thoughts in the comments!
Short
by OGT_Forex
GBPCAD Sell Opportunity – Rising Wedge BreakdownA bearish setup is developing on GBPCAD, supported by the formation of a Rising Wedge pattern. This technical pattern suggests that bullish momentum is weakening, increasing the likelihood of a downside breakout. Pattern Overview: Price action has been forming higher highs and higher lows within a narrowing range, indicating a loss of bullish strength. Breakout Signal: A confirmed breakdown below the wedge's lower trendline would signal a shift toward bearish momentum and a potential move lower. Entry Strategy: Enter a sell order after a confirmed breakout and retest of the lower trendline as resistance. Stop Loss: Place above the most recent swing high inside the wedge to maintain a favourable risk-reward ratio. Additional Notes: Fundamental events, including economic releases or policy changes impacting GBP and AUD, could act as catalysts for this move. Watch for confirmation signals such as increased volume on the breakdown or bearish candlestick patterns.
Short
by ellienes
1
GBPCAD is ready For a Long BuyHello Traders In This Chart nzdcad 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
1
GBPCAD is ready For a BuyHello Traders In This Chart nzdcad 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
GBPCAD is Brewing a Monster Move – Are You Ready or Getting LeftGBPCAD appears to be following a clear structure with identifiable waves and liquidity points. Based on the long-term projection, the pair seems to be progressing through corrective and impulsive waves, targeting significant levels. The chart suggests the possibility of a broader accumulation phase that leads to a strong move toward liquidity zones before a potential reversal. Breakdown of Key Points: Wave Structure Analysis: The price structure is currently forming a complex corrective wave pattern. The primary corrective wave (WXYXZ) is projected to potentially find support at lower fib retracement zones (e.g., 0.618 or 0.886 levels). Significant Levels: Resistance Zone: At the most recent weak swing high near 1.51943, where liquidity has likely accumulated. Support Zone: The range near 1.16084 and 1.03327, which aligns with strong fib retracement zones and a divergence area. Liquidity Observations: The Sell-Side Liquidity Zone (SSL) near 1.314 marks a key area where traders may have stop-loss clusters, potentially acting as a magnet for price movements. After sweeping these zones, momentum could shift strongly to the upside. Long-Term Target: The structure hints at a long-term push toward 1.5+ levels, but this depends on how price reacts to the liquidity sweep near 1.03327 or 0.71502 (if the deeper retracement unfolds). What to Watch for: Bounce Areas: Pay close attention to fib retracement levels at 1.16084 and below; these are critical potential reversal points. Liquidity Sweep: Watch for a sweep of Sell-Side SSL (1.314) or deeper liquidity grabs to confirm stronger upward momentum. Momentum Shift: Confirmation of bullish momentum through strong breakouts and holds above weak swing highs (like 1.51943). Potential Risk: If price invalidates by breaking below 0.71502, it would signal a deviation from this outlook, potentially continuing into uncharted bearish territory.
Short
by spaceangel
8
GBPCAD Possible Sell The market is currently testing the current Daily area. Based on 4HR TF, the market seems to be forming a possible reversal chart pattern. We could see Sellers coming in strong should the current level hold. Disclaimer: Please be advised that the information presented on TradingView is solely intended for educational and informational purposes only.The analysis provided is based on my own view of the market. Please be reminded that you are solely responsible for the trading decisions on your account. High-Risk Warning Trading in foreign exchange on margin entails high risk and is not suitable for all investors. Past performance does not guarantee future results. In this case, the high degree of leverage can act both against you and in your favor.
Short
by WiLLProsperForex
GBPCAD Near Resistance: Potential Short SetupThe GBPCAD pair is trading at 1.7786, approaching a key resistance level, which provides a potential short setup. Here’s the detailed analysis: Key Resistance Zone: The pair is nearing the resistance zone around 1.7800–1.7820, which aligns with the 50 EMA and 200 EMA acting as dynamic resistance. This level also aligns with previous bearish "3s-Bear" signals, suggesting strong selling pressure historically. Indicators: The Stochastic RSI is approaching overbought territory, indicating the bullish momentum may be losing steam. Price has yet to break convincingly above the resistance, hinting at possible rejection. Trade Setup Options: A. Sell Opportunity: Entry Point: Consider entering a short position around 1.7780–1.7800, after confirmation of rejection (e.g., bearish engulfing candlestick). Stop Loss: Above 1.7830, to allow for volatility. Take Profit: Target 1: 1.7720 (immediate support level). Target 2: 1.7700 (strong support zone). B. Buy Opportunity (If Breakout Occurs): Entry Point: Above 1.7825, after a confirmed breakout with strong volume. Stop Loss: Below 1.7800, to minimize risk. Take Profit: Target 1: 1.7900 (next resistance level). Target 2: 1.7950 (recent swing high). Market Context: GBPCAD is attempting to recover from recent lows, but the resistance zone at 1.7800 is critical for determining the next direction. Watch for geopolitical or oil market news, as the Canadian Dollar is sensitive to oil price movements. Notes: Wait for clear confirmation of rejection or breakout before entering any position. Manage risk carefully, especially if trading near resistance, as price may exhibit volatility.
Short
by fxplusinsights
GBPCAD Will Collapse! SELL! My dear followers, I analysed this chart on GBPCAD and concluded the following: The market is trading on 1.7793 pivot level. Bias - Bearish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation. Target - 1.7661 About Used Indicators: A super-trend indicator is plotted on either above or below the closing price to signal a buy or sell. The indicator changes color, based on whether or not you should be buying. If the super-trend indicator moves below the closing price, the indicator turns green, and it signals an entry point or points to buy. ——————————— WISH YOU ALL LUCK
Short
by AnabelSignals
1