GBP/CAD - H4 - Strong BreakoutThe GBP/CAD pair on the H4 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined Channel pattern. This suggests a shift in momentum towards the downside in the coming Hours.
Key Points:
Sell Entry: Consider entering a short position around close to the breakout level. This offers an entry point near the perceived shift in momentum.
Target Levels:
1st Support – 1.7761
2nd Support – 1.7570
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GBPCAD
GBPCAD - Long active !!Hello traders!
‼️ This is my perspective on GBPCAD.
Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I look for a long. I expect bullish price action after price rejected from bullish order block. As well we have hidden divergence for a buy and on H1 we have regular divergence.
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GBPCAD A Fall Expected! SELL!
My dear subscribers,
My technical analysis for GBPCAD is below:
The price is coiling around a solid key level - 1.8206
Bias - Bearish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear sell, giving a perfect indicators' convergence.
Goal - 1.8179
About Used Indicators:
By the very nature of the supertrend indicator, it offers firm support and resistance levels for traders to enter and exit trades. Additionally, it also provides signals for setting stop losses
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WISH YOU ALL LUCK
Could the price bounce from here?GBP/CAD is falling towards the pivot which is a pullback support and could bounce to the 1st resistance.
Pivot: 1.8103
1st Support: 1.7949
1st Resistance: 1.8325
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.
GBP/CAD BEARS ARE GAINING STRENGTH|SHORT
Hello, Friends!
GBP/CAD is trending down which is clear from the red colour of the previous weekly candle. However, the price has locally surged into the overbought territory. Which can be told from its proximity to the BB upper band. Which presents a beautiful trend following opportunity for a short trade from the resistance line above towards the demand level of 1.804.
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GBPCAD: Bearish Continuation & Short Trade
GBPCAD
- Classic bearish pattern
- Our team expects retracement
SUGGESTED TRADE:
Swing Trade
Sell GBPCAD
Entry - 1.8142
Stop - 1.8236
Take - 1.7953
Our Risk - 1%
Start protection of your profits from lower levels
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Scenario GBPCAD update levels 11.12.24.There is a lot of liquidity left in this market, so the correction was much larger than could be expected, but I still think that if the market maintains the level of support, which is located at the price level of 1.80700-1.80500, then a short set up is possible, there are many levels below us where it is possible that we should see for now but still waiting.
GBPCAD Is Bullish! Long!
Here is our detailed technical review for GBPCAD.
Time Frame: 2h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The price is testing a key support 1.796.
Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 1.800 level.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
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GBPCAD SELL | Idea Trading AnalysisGBPCAD is moving on support zone
The chart is above the support level, which has already become a reversal point twice.
We expect a decline in the channel after testing the current level.
We expect a decline in the channel after testing the current level
Hello Traders, here is the full analysis.
I think we can soon see more fall from this range! GOOD LUCK! Great SELL opportunity GBPCAD
I still did my best and this is the most likely count for me at the moment.
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Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad ⚜️
Mon 16th Dec 2024 GBP/CAD Daily Forex Chart Sell SetupGood morning fellow traders. On my Daily Forex charts using the High Probability & Divergence trading methods from my books, I have identified a new trade setup this morning. As usual, you can read my notes on the chart for my thoughts on this setup. The trade being a GBP/CAD Sell. Enjoy the day all. Cheers. Jim
Bearish drop?GBP/CAD is reacting off the pivot which is a pullback support and could drop to the 1st support which acts as a pullback support that is slightly above the 50% Fibonacci retracement.
Pivot: 1.7999
1st Support: 1.7901
1st Resistance: 1.8107
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.
1st Empathy Strat Revised 12/12/24Last strategy for GBP/CAD:
CAD looks like a stable market to invest in due to the momentum gaining around the currency, the oversold levels and currently low declined volatility makes it perfect for significant inclines due to unstable bearish buying power. with a economic counter to GBP's interest rate decisions week of DEC 8, and the volatility gaining around the coin, plus the bearish sustaining momentum sell GBP buy Cad.
Strategy:
Final Tp = 2.5% Round 1.75745
SMA = 1.3% Avg SMA = 0.60% retracment = 0.35%/0.70%
12/11/24
Note
Strategy struggling pulled out of market readjusting to market situation
new revised Strategy 12/12/24:
since this strategy had a hard time on the decline after researching GBP market expect inclined push on fx securities due to lower prices in historical data of fx securities, plus the US PPI & natural gas fluke expect gas securities to fluke due to electric switch-over globally for sometime.
CAD tech tariffs will cause dollar volatility for now expect GBP to rally
GBPCAD - Long from bullish OB !!Hello traders!
‼️ This is my perspective on GBPCAD.
Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I look for a long. I expect price to continue the retracement to fill that huge imbalance and then to reject from bullish OB + institutional big figure 1.79000.
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GBPCAD Will Explode! BUY!
My dear followers,
This is my opinion on the GBPCAD next move:
The asset is approaching an important pivot point 1.8058
Bias - Bullish
Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market.
Goal - 1.8076
About Used Indicators:
For more efficient signals, super-trend is used in combination with other indicators like Pivot Points.
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WISH YOU ALL LUCK
#GBPCAD 1DAYGBPCAD Daily Analysis
The GBPCAD pair has broken below a key trendline on the daily chart, signaling potential bearish momentum. After the breakdown, the price is now retesting the trendline from below, which could act as resistance. This setup presents a potential sell opportunity if the price faces rejection at the retest level.
Technical Outlook:
Pattern: Trendline Breakdown and Retest
Forecast:** Bearish (Sell Opportunity)
Entry Strategy:** Enter a sell position if the price confirms rejection at the retested trendline with bearish price action signals.
Traders should look for confirmation such as bearish candlestick patterns (e.g., shooting star or bearish engulfing) or indicators like RSI indicating bearish divergence. Proper risk management is crucial, with stop-loss orders placed above the retested trendline and profit targets set at the next support zones.
Bearish drop off multi swing high resistance?GBP/CHF is reacting off the resistance level which is a multi swing high resistance and could drop from this level to our take profit.
Entry: 1.8094
Why we like it:
There is a multi swing high resistance level.
Stop loss: 1.8242
Why we lik eit:
There is a resistance level at the 127.2% Fibonacci extension.
Take profit: 1.7912
Why we like it:
There is a pullback support that is slightly above the 38.2% Fibonacci retracement.
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Bearish drop?GBP/CAD is reacting off the pivot and could drop to the 23.6% Fibonacci support.
Pivot: 1.8113
1st Support: 1.7997
1st Resistance: 1.8243
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.
+180/+360 pips GBPCAD Swing trade setup🔸Hello traders, let's review the H4 chart for GBPCAD today. Trading
near premium prices of the multiweek range, closing in on heavy S/R
Currently risk/reward is shifting in bears favor, so it's recommended
to look for sell side setups in this market.
🔸Bearish OB / fresh liquidity set at 8095/8125. Price structure
indicates potential incoming reversal once we trigger the OB.
🔸Recommended strategy for GBPCAD traders: focus on short selling any rips/rallies near OB 8095/8125 price is currently trading near premium levels and is maxed out already, limited upside. TP1 bears +180 TP2 bears +360 pips final exit 7750 keep in mind this is a swing trade setup so naturally will take more time to complete / hit both targets. good luck traders!
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Trading Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.
GBPCAD - 4hrs ( Sell Trade Target Range 180 PIP ) Pair Name :GBP/CAD
Time Frame : 4hrs Chart / Close
Scale Type : Large Scale
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Key Technical / Direction ( Short )
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Bearish Reversal
1.80700 Area
Reasons
- Major Turn level
- Visible range Hvn
- Choch Zone
- Fibo Golden
- P / Q H
Bullish Reversal
1.79000 Area
Reasons
- Major Turn level
- Visible range Lvn
- Pattern Target
- Fibo Golden
- choch Zone