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GBPCAD trade ideas

GBPCAD Tests Bearish Trendline – Focus Shifts to BoC DecisionGBPCAD is currently respecting a well-defined descending trendline, showing multiple rejections and a sustained series of lower highs. The latest retest near 1.8460 was met with selling pressure, aligning with the broader bearish channel. Key Levels: Current Price: 1.8458 Resistance Area: 1.8470 – 1.8600 (trendline & previous highs) Support Targets: TP1: 1.8120 (key structure) TP2: 1.7980 TP3: 1.7900 (major support zone) Bearish Technical Confluence: ✅ Multiple rejections at trendline ✅ Lower highs & lower lows continue ✅ Potential reversal candlestick pattern forming ✅ Bearish breakout could accelerate toward 1.7980 📉 Fundamental Outlook – BoC Rate Decision in Focus (April 16) Market Sentiment Split: Initially, economists leaned toward a BoC hold, as recent data and trade optimism gave the central bank room to pause. However, March CPI undershot expectations, triggering increased speculation of a rate cut. Key Data Highlights: Headline CPI fell to 2.3% YoY vs 2.6% previously, well below the 2.7% forecast. Drop mainly due to gasoline and transport costs, which BoC may look through. Core inflation (median 2.9%, trimmed 2.8%) remains elevated, supporting arguments for a hold. Analyst Viewpoint: “We still marginally favor a BoC hold given the proximity to elections and resilience in core inflation, but our conviction is lower after the CPI miss.” – Knightley & Pesole, ING Market Reaction: Loonie sold off post-CPI, but analysts believe the sell-off may be short-lived if BoC surprises with a hawkish hold. Swap market odds of a cut rose to 45%, up from 33% pre-CPI. 🎯 Combined Technical + Fundamental Setup If BoC holds rates, expect CAD strength → GBPCAD could accelerate downward toward 1.8120 → 1.7900. If BoC cuts, GBPCAD may spike temporarily toward 1.8600, but downside pressure may resume unless accompanied by dovish forward guidance. 🛠️ Trade Plan: Sell Bias Below: 1.8470 Entry Trigger: Bearish confirmation or post-BoC rejection TP1: 1.8120 TP2: 1.7980 TP3: 1.7900 Invalidation Zone: Break and close above 1.8600
Short
by ultreosforex
GBP/CAD BULLS WILL DOMINATE THE MARKET|LONG Hello, Friends! GBP/CAD is making a bearish pullback on the 1D TF and is nearing the support line below while we are generally bullish biased on the pair due to our previous 1W candle analysis, thus making a trend-following long a good option for us with the target being the 1.841 level. 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 COMMENT MY IDEAS✅
Long
by EliteTradingSignals
1
GBP CAD #0008 Long Swing Trade - The Trade is heavily reliant on Liquidity Pools (LP) that exist along the structures. - The main consideration for this trade limit order placement was due to exhaustion patterns portrayed by the last Weekly price action (large wick formation). - Moving to the 3-hour chart, there are number of reliable liquidity pools exist that could be the place of entry. - However, we have decided that the one with OrderBlock (OB) is the most reliable and promising, hence presenting us with an entry position for our limit order. - Within our 3-hour chart, we noticed interesting liquidity pools built up marked in "PURPLE" colour. - This Liquidity Pools presents Large liquidity to the Smart Money, ie, the Stop Orders of the General Markets participants. - We anticipate a liquidity hunt to occur in these areas, i.e. "Purple LP" - Placement of Buy order Limits has been made, and the LAST MONTH HIGH is made as the TP Target Price. - Entry is for Swing Trading, the duration of holding may pass 1 week.
Long
by NaimEdelweissFX
GBP/CAD – Price Hits Key Supply ZonePrice has now reached a key supply zone around the 1.8468 – 1.8500 level, a region where strong selling pressure previously caused a sharp drop. This area aligns with previous structure and volume imbalance, making it a critical zone to watch for potential rejection or reversal. We can observe: Strong bullish momentum leading into the zone Previous distribution and drop from this level Clean break of internal structure on the way up What to watch for next: Bearish reaction or confirmation candles from this zone could signal potential short setups A strong breakout and retest might invalidate the zone and open room for further upside This area deserves close attention — patience is key before committing to a trade. Wait for price action confirmation.
Short
by jshafx
GBPCAD - BUYSFor self journaling purposes only If you want to take the trade read the chart, it is self explanatory. I am waiting on a break and close of the resistance trend-line then retest to take a buy. Targeting 1.83963 at the very least. will protect position with trailing stop loss once in substantial profit. GBP is a safe haven for EU specially now with all of the geopolitical tension incited by tariffs. The pause does not really stop economic uncertainty until negotiations are afoot.
Long
by BetterBusinessBully
3
GBPCAD – Bullish Setup (1H Divergence)✅ Setup Summary: Timeframe: 1 Hour Signal: Bullish Divergence Bias: Short-term bullish – Potential reversal or corrective bounce 🔍 Technical Breakdown: Divergence Present: Price made a lower low, while RSI/MACD made a higher low → Sign of bearish momentum weakening Support Area: Price reacting near a previous demand zone or horizontal support Candlestick Clue: Watch for bullish engulfing, hammer, or structure break 📈 Trade Plan – LONG Entry: On confirmation from bullish candle Or break of minor 1H resistance or trendline Stop-Loss: Below the divergence swing low Target: TP1: Last 1H high TP2: Fib 0.5 or 0.618 retracement of recent bearish move R:R Ratio: Minimum 1:1.5 ⚠️ Watch Out For: GBP or CAD news (e.g. oil prices affecting CAD) Break below divergence low = invalidates the setup Best paired with a break of internal structure
Long
by MAAwan
GBPCAD Technical Analysis! SELL! My dear subscribers, GBPCAD looks like it will make a good move, and here are the details: The market is trading on 1.8356 pivot level. Bias - Bearish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation. Target - 1.8184 About Used Indicators: The average true range (ATR) plays an important role in 'Supertrend' as the indicator uses ATR to calculate its value. The ATR indicator signals the degree of price volatility. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. ——————————— WISH YOU ALL LUCK
Short
by AnabelSignals
1
More DATA = Better Trades, adopt a "Top Down" approach!! All the information you need to find a high probability trade are in front of you on the charts so build your trading decisions on 'the facts' of the chart NOT what you think or what you want to happen or even what you heard will happen. If you have enough facts telling you to trade in a certain direction and therefore enough confluence to take a trade, then this is how you will gain consistency in you trading and build confidence. Check out my trade idea!! www.tradingview.com
Long
by Simply-Forex
Pullback resistance ahead?GBP/CAD is rising towards the resistance which is a pullback resistance that lines up with the 127.2% Fibonacci extension and could reverse from this level to our take profit. Entry: 1.8372 Why we like it: there is a pullback resistance that lines up with the 127.2% Fibonacci extension. Stop loss: 1.8465 Why we like it: There is an overlap resistance that is slightly below the 161.8% Fibonacci extension. Take profit: 1.8227 Why we like it: There is a pullback support level. Enjoying your TradingView experience? Review us! Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Short
by VantageMarkets
Bullish bounce off pullback support?GBP/CAD has bounced off the pivot which has been identified as a pullback support and could rise to the 1st resistance which aligns with the 61.8% Fibonacci retracement. Pivot: 1.8091 1st Support: 1.7913 1st Resistance: 1.8417 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Long
by ICmarkets
GBP/CAD Trading plan (long position)✅ GBP/CAD Trading Plan (Long Position) Strategy: Reversal Trade + Break of Trendline Timeframe: 4H Date: April 13, 2025 Pair: GBP/CAD (British Pound / Canadian Dollar) Platform: OANDA (via TradingView) 🔍 Market Insight • The pair has been in a strong downtrend. • Price is now: • Bouncing off a clearly marked support zone (~1.8050–1.8100). • Broke a descending trendline, suggesting a shift in momentum. • Formed multiple bullish wicks and a bullish engulfing pattern near support. • BBandLE (buy entry signal) confirms buying pressure. 🎯 Trade Entry • Entry Price: Around 1.8140 • Reason for Entry: • Bounce off strong demand zone (support) • Bullish momentum shift after a trendline break • Price showing higher lows forming at support • Clean risk-to-reward zone mapped out 📉 Stop-Loss (SL) • SL Price: 1.8045 • Risk: ~95 pips • Justification: • SL placed below the rejection wicks and structure low • Gives trade room in case of volatility or retests 📈 Take-Profit (TP) • TP1: 1.8300 • Early resistance and previous structure • Take 50% off here and move SL to breakeven • TP2: 1.8680 • Final target at the previous swing high/resistance zone 📊 Risk-to-Reward Ratio (RRR) • TP1 RRR: ~1:1.7 • TP2 RRR: ~1:5.5 • Overall trade has excellent reward potential with tight risk 🧠 Trade Management • Monitor price action at 1.8300 zone • If bullish momentum continues strongly, you can trail SL and ride the wave • If price stalls or prints reversal signals, secure gains early ⚠️ Risks • GBP or CAD economic data/news may cause volatility • Oil price surges could strengthen CAD unexpectedly • Failure to hold 1.8050 invalidates this reversal idea 🛠️ Contingency Plan • If price returns to 1.8050: • Watch for bullish rejection patterns again for possible re-entry • If price closes below 1.8040, exit and wait for a fresh setup 📅 Time Horizon • Swing Position: Hold for 3–7 trading days • Adjust if fundamentals or price action changes
Long
by ThizizAlex
2
GBPCAD BUY📉 GBPCAD: Clean Break of 1.80, But No Need to Rush In! 🧠 I’ve tried to keep this analysis as simple as possible: 🔹 A major ascending trendline that’s been respected for a while. 🔹 A clear breakout of the 1.8000 zone, which has already been retested. ➡️ Now the real question is: Are we late for a precise entry? 🤔 💡 In this kind of setup, patience is key. Let’s monitor the pair closely and wait for a clear confirmation before jumping in. 📊 Stay sharp and good luck, traders!
Long
by MaitreForex
GBPCAD Elliott Wave AnalysisHello friends In the GBPCAD currency pair, we are witnessing the formation of a 5-wave pattern or a zigzag. Our hypothesis is the formation of a 5-wave pattern. Waves 1 to 4 have formed. It is currently in the support range. This support range is formed by the collision of static and dynamic supports, which is relatively reliable, and the price has also corrected by 61.8% Fibonacci. Now we expect the price to grow, and the limits of wave 5 are indicated in the figure. The first target is 1.8800 and the second target is 1.9200. The third target is far from expected, but not impossible. Also consider the stop loss below wave 1. Be successful and profitable.
Long
by M_Gheysvandi