GBPCADReady to go up.
Let´s see because I dn´t like to much to trade on friday.
Risk:reward 1:13
Blessings
Good luck.
GBPCAD trade ideas
GBPCAD 1H Entry: Short position near 1.74533, based on confirmation of resistance.Stop Loss: Set at 1.74543 to 1.74553.Take Profit: Set at 1.73304.
Risk Management: Ensure the risk-reward ratio is favorable. A common strategy is to aim for at least a 1:2 risk-reward ratio.
Market Conditions: Monitor overall market conditions and news events that could impact price movements.
Indicators: Use technical indicators to confirm the strength of the resistance and the likelihood of reaching the take profit level.
By adhering to these criteria, you can establish a structured approach to trading around the specified resistance and take profit levels.
GBPCADThis Weekly FORECAST
Opportunity for GBPCAD. This setup trading idea is for swing. >> TAYOR
Risk Factors:
1. Market conditions, unexpected news, or external events could impact the trade.
2. Always use risk management strategies to protect your capital.
GBP/CAD Gave Amazing Bearish P.A , Perfect Area To Sell It !This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
GBP/CAD Accumulation Area Suggests Imminent Bearish ShiftThe GBP/CAD pair recently reached a market high on September 23, 2023. Presently, the price is situated in an accumulation area, suggesting the potential for a bearish reversal. Technical analysis indicates that the pair may retrace to the 1.7300 level and potentially beyond.
Given the current market conditions, we have identified signs that support a possible downward movement. The accumulation area, characterized by price consolidation, often precedes a significant price movement. In this case, the consolidation at the top suggests that the market is preparing for a reversal.
From a technical perspective, various indicators, including momentum oscillators and trend analysis, support the hypothesis of a bearish reversal. Specifically, divergence observed in higher timeframes points to weakening bullish momentum, increasing the likelihood of a downward correction.
Considering these factors, we are looking for a short setup in this region. Traders should monitor key support and resistance levels and be prepared for potential market shifts that align with this bearish outlook. Our target for the reversal is initially set at the 1.7300 level, with the possibility of further declines if the bearish trend gains strength.
In conclusion, the GBP/CAD pair's recent high and current accumulation phase present a compelling case for a bearish reversal. By carefully observing market signals and technical indicators, traders can position themselves to capitalize on this anticipated market movement.
GBPCAD Will Go Up! Long!
Here is our detailed technical review for GBPCAD.
Time Frame: 9h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is on a crucial zone of demand 1.736.
The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 1.744 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.
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Forex ICT short setup GBPCAD👋Hello Traders,
Our 🖥️ AI system detected that there is an H4 or higher timeframe ICT Short setup in GBPCAD for Swing trade.
Please refer to the details Stop loss, FVG(Sell Zone),open for take profit.
For more ideas, you are welcome to visit our profile in tradingview.
Have a good day!
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GBP-CAD Will Go UP! Buy!
Hello,Traders!
GBP-CAD is trading
In an uptrend and the pair
Is now going down in a
Bearish correction towards
The horizontal support of 1.7320
But we are bullish biased
So after the retest a
Bullish rebound is
To be expected
Buy!
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Check out other forecasts below too!
BULLISH SCENARIOWe are still looking for upward moves, market seems to be in a correction of the wave 4 in a lower degree, in our previous post we expected a triangle formation but the market seems to have other ways, looks like a flat correction or there could be a combination. So the better way is to stand still and watch for confirmation.
Until then, we remain BULLISH on the Pound CAD.
GBP_CAD LONG FROM SUPPORT|LONG!
✅GBP_CAD is going down to retest a horizontal support of 1.733
Which makes me locally bullish biased
And I think that we will see a rebound
And a move up from the level
Towards the target above at 1.745
LONG🚀
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GBPCADPrice is currently testing a resistance level and if price should respect this level by not breaking above it then we are likely to see price move downward.
GBP CAD - Short Set up - 1H TFGBP CAD forming a bearish divergence on 1H TF. looking for reversal pattern to short. Looks like forming a double top. Will trigger my sell stop after break of neckline. Entry, SL & TP mentioned in chart. Good Luck
GBPCAD 1H Short Trade - 1:6 RRRPair: GBPCAD
Action: Sell
RRR: 1:6
SL: 1.74396
TP: 1.72179
Indicators:
EMA200: The EMA200 serves as a critical indicator of the long-term trend direction.
MACD Trend: The MACD indicator helps traders assess the strength and direction of the trend.
Supertrend: The Supertrend indicator acts as a reliable tool for identifying entry points in alignment with the prevailing trend.
GBP CADSell idea
Historical zone of resistance
Cad strong
we can expect a drop to support
entry into the trade short at the price: 1.73970-1.73800
TP 1.73400-1.72500
Assumed channel in 4HHello friends.
According to the drawn channel, I expect a correction towards the midline range.
what is your opinion?
Good luck.
# Let's look simply
Bearish Divergence in GBPCADA bearish divergence is observed in GBPCAD pair in an hourly timeframe. The bearish reversal occurred after the divergence and formed new LLs and LHs. This is potentially a good point for shorting.
GBPCADHello traders
GBPCAD this full bearish appears in the chart if it closes it now, its a high potential to sel.
the concept behind is the sellers will overrule the market snd buyers will loose their contorl.
if you interested more don't miss it to follow me.
NZDCAD: Last Idea Running 300+ Pips, Next Big Opportunity OTW! Dear Traders,
Our last idea hit 340+ pips successfully, and we expect price to continue rising up, after touching our imbalance zone. That area remain a strong possible buying area for buyers. Once rejected at the area we can see strong rebound from our buying zone. 400-500 pips move is expected.
Good Luck and Trade Safe
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GBPCAD Potential Head and ShouldersAs you may notice that it is my favorite set up and there is an bearish divergence.
It is a nice trade with 2RRR
GBPCAD: Reversal ExpectedGBPCAD successfully completed the ABCD pattern and now its trading in Potential Reversal Zone PRZ after printing the divergence on RSI. It will potentially break the previous higher low and will fall sharply. We will enter into the trade after the break of higher low.
GBPCADgbpcad on the 4hr timeframe you can see there are long wicks at the top signalling a sign of strong resistance up there
Potential Bullish continuationOur plan for the GBPCAD. The market seems to be in a 4th wave of a smaller degree, which in my view, she is in a 3rd wave of the next larger degree. Therefore, we're anticipating a triangle correction as the 4th wave and there after, a continuation to the upside in full filling the larger degree movement. Until then, we wait for the break out of the potential upper channel of the triangle and then we're good to fly.
GBPCAD bearishHello, I believe GBPCAD is heading for lower lows. I see a potential head and shoulder pattern on 4hr. Let’s see if it will break below neck line.
