GBPCAD trade ideas
GBPCADCurrently on GBPCAD on the weekly timeframe price has just taken out the week 4 highs of September and closed below them, now price came back to retest the CSD before completely distributing to the downside to take out the external range liquidity below those lows.
GBPCAD bearish at the major resistance zone expecting to sellsell once arrive at the major price ranges
target selling at
-100pips
-78pips
-48pips
the stop lose is at 36pips to the zone above
GBPCAD going up for atleast 150pipsIf you're expecting the GBPCAD currency pair to go up by 150 pips within a week, here's how to interpret that potential movement:
1. 150 Pips Bullish Movement
A 150-pip increase suggests a significant strengthening of the British Pound (GBP) relative to the Canadian Dollar (CAD). For example:
If the current price of GBPCAD is 1.7000, a 150-pip rise would push the pair to 1.7150.
2. Timeframe: One Week
A one-week horizon means you're likely expecting some key fundamental or technical catalysts within that period to drive the price upward. Here’s what to consider:
Potential Catalysts for Bullish Movement
Economic Data:
UK Data: Positive UK economic indicators (e.g., GDP growth, inflation data, or employment reports) could support GBP appreciation.
Canadian Data: Conversely, weaker Canadian data (e.g., low GDP growth or a drop in employment) could lead to CAD weakness, helping drive GBPCAD higher.
GBPCAD Sell signal at the top of the Channel Up.The GBPCAD pair has been trading within a Channel Up for more than 1 year (since September 28 2023) and since September 30 2024 has been on Lower Highs. The last time we saw such a trend-line as on the April 16 2024 Lower High, after which a strong short-term rejection took place.
We expect a similar selling sequence to take place that should be contained however above the 1D MA200 (orange trend-line). Our Target is 1.77000 (Support 1).
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GBP/CAD BEARS ARE GAINING STRENGTH|SHORT
Hello, Friends!
The BB upper band is nearby so GBP-CAD is in the overbought territory. Thus, despite the uptrend on the 1W timeframe I think that we will see a bearish reaction from the resistance line above and a move down towards the target at around 1.787.
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Chances of breakoutGBPCAD has now reached this point of resistance, price is really starting to consolidate around that key level with the optimism of continuing to pursue its rally. Seeing some signs of rejection and bullish exhaustion, although price seems to be wNting to continue pushing up
GBPCAD TRADE RECAP & TRADINGVIEW APPRECIATIONIn this video guys I've shared the trade that I took this week and I shared the reasons as to why I took this trade I hope by watching this video you will get some lessons which will help you in your trading career. Together with that I have given my appreciation to the tradingview team for developing this an amazing platform for trading, This is the Leading trading platform in the industry! God Bless you all.
GBPCAD scalp 09 OCTOBERLooking to enter at 1.7880 expecting 100 to 150 pips .
Usual entry wait for break and retest
Break Retest Continuation on GBPCADTwo buy limit orders at pullback. I eyeballed the pullback based on experience by looking at how deep, sharp, strong the previous pullbacks were.
Might cancel the order if price goes without us. Us being my team comprising of I me and myself. Say hi, team.
GBPCAD is at its highest level since 2020. Time to sell?The GBPCAD is currently at a crucial resistance level of 1.8000, marking the highest point since 2020. The formation of a double top on the daily chart reinforces the notion of a potential bearish trend reversal. This reversal pattern indicates that the market is testing its ability to sustain prices above this resistance, yet has struggled to produce new consecutive highs, suggesting signs of buyer exhaustion.
Furthermore, the emergence of a pin bar on 15 October highlights a clear rejection of prices above 1.8000, illustrating that the market has rejected attempts to breach this resistance and swiftly retreated to lower levels. The pin bar is recognised as a reversal candle with significant bearish implications, indicating profound selling pressure. When this pattern occurs at important resistance zones, as seen in this case, it increases the probability of a downward movement.
Key Technical Indicators:
Price at its highest level since 2020 at 1.8000.
Formation of a double top on the daily chart.
Classic bearish divergence on the daily chart.
Formation of a pin bar indicating rejection of buying strength.
Potential for Downward Movement
Considering the above elements, a selling strategy could be justified if the price successfully breaks below the support level of 1.7920. This support level would serve as a trigger for confirming the anticipated downward movement. A breach of this level would indicate a loss of buying strength, paving the way for a sell-off towards lower support levels, such as 1.7750 and 1.7550.
Alert for Traders
In conclusion, the current market conditions and technical patterns suggest a bearish reversal may be on the horizon for GBPCAD. Traders should keep a close eye on the key support level of 1.7920, as a break below this point may present a valuable selling opportunity in the market.
Disclaimer:
74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Past performance is not necessarily indicative of future results. The value of investments may fall as well as rise and the investor may not get back the amount initially invested. This content is not intended for nor applicable to residents of the UK.
GBPCAD Short Pullback TradeGBPCAD Short Pullback Trade
We created a lower high rejecting MA's on higher timeframes and started to go down. Old support became resistance.
Stop Loss above the recent high: 1.79110
Take Profit: 1.78560
1. R:R 1:1, 0.5% Risk
2. After reaching TP closing half and moving SL to Breakeven
3. Trailing the rest with market structure on M15 later H1
- Close the loser before hitting full SL if the retracement extends and the price does not confirm the anticipated reversal.
- Close the winner if a reversal signal forms (e.g., engulfing pattern, pin bar), especially on higher timeframes like H1 or if momentum weakens indicated by MACD oscillator, consider closing the remaining position early to lock in profits.
*No important news for GBPCAD today*
GBPCADGood day trader, I have spotted a strong BUY on this pair and this is a late entry with minimum risk. There's a strong support at the 100 FIB Lvl which means, it will approach the 127 Fib Lvl
I don't want to over analyze this because this is an easy WIN!!!!!!
Have fun and remember, PATIENCE IS KEY.
GBPCAD Good day trader, I have spotted a strong BUY on this pair and this is a late entry with minimum risk. There's a strong support at the 100 FIB Lvl which means, it will approach the 127 Fib Lvl
I don't want to over analyze this because this is an easy WIN!!!!!!
Have fun and remember, PATIENCE IS KEY.
GBP/CAD SELLERS WILL DOMINATE THE MARKET|SHORT
Hello, Friends!
GBP/CAD pair is trading in a local uptrend which we know by looking at the previous 1W candle which is green. On the 9H timeframe the pair is going up too. The pair is overbought because the price is close to the upper band of the BB indicator. So we are looking to sell the pair with the upper BB line acting as resistance. The next target is 1.785 area.
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GBPCAD 12HThe price is in a good support zone that is accompanied by price action. With a proper risk management, you can make a good profit from this trade.
Bearish momentum to extend?GBP/CAD is rising towards the pivot and could drop to the 78.6% Fibonacci support.
Pivot: 1.7896
1st Support: 1.7829
1st Resistance: 1.7957
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Disclaimer:
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GBP_CAD RISKY LONG|
✅GBP_CAD is going down now
But a strong support level is ahead of 1.7860
Thus I am expecting a rebound
And a move up towards the target at 1.7910
LONG🚀
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GBPCAD The Target Is DOWN! SELL!
My dear friends,
GBPCAD looks like it will make a good move, and here are the details:
The market is trading on 1.8067 pivot level.
Bias - Bearish
Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market.
Goal - 1.7965
Recommended Stop Loss - 1.8120
About Used Indicators:
Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis
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WISH YOU ALL LUCK
How To Hedge Forex Positions And Protect Your CapitalIf you want to learn how to protect your capital via hedging, then watch.
It's a highly advanced method, which helps a lot on continued rallies.
Clear example on the latest up move via GBPCAD.
