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CANADIAN DOLLAR / BRITISH POUND

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CADGBP trade ideas

GBPCAD is in the bearish directionHello Traders In This Chart nzdcad HOURLY Forex Forecast By FOREX PLANET today GBPCAD analysis 👆 🟢This Chart includes_ (GBPCAD market update) 🟢What is The Next Opportunity on GBPCAD Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Chart
Long
by ForexMasters2000
1
GBP/CAD D1: Potential Breakout from Rising Wedge with Double TopOn the daily chart of GBP/CAD, I’ve identified a Rising Wedge pattern with a Double Top formation within it, signaling a strong potential for a significant bearish movement. A similar pattern previously occurred on September 9, 2023, when a bearish breakout from the Rising Wedge was confirmed by a double top, followed by a sharp downtrend. Currently, the same pattern has reappeared, with the price forming the second peak of the double top, but a breakout confirmation is still pending. The next price movement is illustrated by blue arrows, indicating the expected downward direction if a breakout occurs. Additionally, the breakout area is marked with a red rectangle to clarify the critical support level that needs to be breached, while the double top’s peak is highlighted with an orange circle to emphasize this key pattern level. The strategy plan here is to wait for a breakout below the Rising Wedge support line to open a sell position. The profit target is set at the 1.7310 level, with a stop loss placed above the double top level, around 1.8200. If a breakout confirmation occurs, the bearish movement is expected to drive the price closer to the set profit target.
Short
by DNP-FX
**GBP/CAD 1-Hour Forecast: Dynamic Movement Ahead**🔄 **GBP/CAD 1-Hour Forecast: Dynamic Movement Ahead** 📈📉 GBP/CAD is currently at **1.80301**, and we’re watching for an initial move up to break the **1.80709** level. If it reverses there, a dip could follow, breaking **1.79976** and reaching down to **1.78423**. 💡 **Key Levels to Watch:** - **Current Price:** 1.80301 - **Resistance Break & Pullback:** 1.80709 - **Support Break:** 1.79976 - **Bearish Target Zone:** 1.78423 🚀 **Longer-Term Outlook:** After touching **1.78423**, we anticipate a bullish reversal targeting **1.80709** and a potential push up to **1.81419**. 👉 How do you see GBP/CAD moving in the short term? Comment below with your insights! #GBPCAD #ForexAnalysis #PricePrediction #1HrChart #Pipnest
Long
by pipnest
SELL GBPCAD for bullish trend reversal STOP LOSS : 1.8148SELL GBPCAD for bullish trend reversal STOP LOSS : 1.8148 Regular Bearish Divergence In case of Regular Bearish Divergence: * The Indicator shows Lower Highs * Actual Market Price shows Higher Highs We can see a strong divergence on the MACD already and There is a strong trend reversal on the daily time frame chart..... The daily time frame is showing strength of trend reversal from this level resistance so we are looking for the trend reversal and correction push from here ..... TAKE PROFIT : take profit will be when the trend comes to an end, feel from to send me a direct DM if you have any question about take profit or anything Remember to risk only what you are comfortable with…….trading with the trend, patient and good risk management is the key to success here
Short
by BALE_FX