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GBPCAD trade ideas

Lingrid | GBPCAD anticipating REBOUND from KEY Resistance ZoneFX:GBPCAD market bounced off the support level and is moving toward the key level of 1.8500. Overall, the price is creating lower lows and lower closes on the 1H timeframe showing bearish trend. I think that if the price forms a false breakout above the previous day's high and the psychological level at 1.8500, there is a good chance the market will continue lower. Additionally, the channel border and upward trendline create a solid confluence zone for shorting the market if a signal presents itself. I expect the price to keep pushing lower unless it breaks above the channel. My goal is to support zone around 1.83810 Traders, If you liked this educational post🎓, give it a boost 🚀 and drop a comment 📣
Short
by Lingrid
6
Bullish bounce off pullback support?GBP/CAD is reacting off the pivot and could potentially rise to the 61.8% Fibonacci resistance. Pivot: 1.8373 1st Support: 1.8223 1st Resistance: 1.8532 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
Bullish bounce off pullback support?GBP/CAD has bounce of 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: 1.8357 Why we like it: There is a pullback support level that aligns with the 38.2% Fibonacci retracement. Stop loss: 1.8234 Why we like it: There is a pullback support level that lines up with the 50% Fibonacci retracement. Take profit: 1.8512 Why we like it: There is an overlap resistance level that lines up with the 38.2% Fibonacci retracement. 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.
Long
by VantageMarkets
GBPCAD Wave Analysis – 26 March 2025 - GBPCAD reversed from resistance zone - Likely to fall to support level 1.8230 GBPCAD recently reversed down from the resistance zone between the resistance level 1.8625 resistance trendline of the weekly up channel from 2023 and the upper weekly Bollinger Band. The downward reversal from this resistance zone created the weekly Shooting Star candlesticks reversal pattern – which started the active wave iv. Given the strongly bearish sterling sentiment and the overbought weekly Stochastic, GBPCAD can be expected to fall to the next support level 1.8230.
Short
by FxProGlobal
GBPCAD SELL?RSI on daily time frame is showing overbought which could be a sign of exhaustion. The market is currently testing the current Weekly Area and based on Daily & 4HR TF, the market seems to be forming a possible reversal pattern which could lead to a possible reversal. 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
GBP/CAD Chart Analysis - 1H Timeframe GBP/CAD Chart Analysis - 1H Timeframe 🔹 Overall Trend: The price is moving within a descending channel (marked in pink). 🔹 Potential Resistance: The yellow-marked zone around 1.85991 - 1.86099, where a bearish reaction is expected. 🔹 Initial Support: The 1.84663 level (blue line), which may act as a temporary bounce point. 🔹 Final Target: The highlighted brown zone around 1.82733 - 1.82275, indicating a possible deeper decline. 📉 The projected price movement (blue arrows) suggests a potential upward correction to resistance before continuing the downtrend.
Short
by fxone4all
3
Bearish drop?GBP/CAD is rising towards the pivot and could drop to the 1st support. Pivot: 1.8518 1st Support: 1.8369 1st Resistance: 1.8635 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.
Short
by ICmarkets