GBP/CAD For Bullish After finishing Correction wavewait for finishing correction wave and go long after it
- General Trend is Up Trend
- we think that higher low will be at green arrow or area between 50:61 fibo levels
have fun :)
GBPCAD trade ideas
GBPCAD Bullish PullbackHello there,
GBPCAD seems bullish at H1, with a possible minor retracement before turning bullish.
The trend will be, potentially, bullish above the 61.06-RSI for a bias of 1.74600 with one price target.
Happy Trading,
K.
GBP/CADThe resistance indicated in the chart at the price of 1.7520 may create a sell signal. Today is the first day of the week and we are waiting for the market situation to become clearer.
GBPCADGBPCAD 15 Min
We are going for sell in GBPCAD with a minimum risk and High reward
All Levels shared on Chart
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forex with dinesh
GBPCADSEASONALITY :Side ways till mid of July bullish after mid of July
retail sentiment: 68 % long 32% short
fundamental analysis: long /short GBP 64/36 CAD 16/84
technical analysis: after bullish divergence and break of trend line and printing higher high retraced to area of 0.5, there is fair value gap which will be ideal price for buying , can buy at current price also
trade at your risk
good luck
Bearish reversal?GBP/CAD is rising towards the resistance level which is an overlap resistance that is slightly below the 127.2% Fibonacci extension and could reverse from this level to our take profit.
Entry: 1.75115
Why we like it:
There is an overlap resistance level which is slightly below the 127.2% Fibonacci retracement.
Stop loss: 1.75584
Why we like it:
There is an overlap resistance level which aligns with the 88% Fibonacci retracement.
Take profit: 1.74155
Why we like it:
There is a pullback support level.
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Bearish reversal?GBP/CAD is rising towards the pivot which has been identified as an overlap resistance and could potentially reverse to the 1st support which acts as an overlap support.
Pivot: 1.75133
1st Support: 1.74061
1st Resistance: 1.75973
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GBPCAD longOverall, we are very bullish, and the last candle also shows me that we want to move further upwards because we closed very bullish. On the daily chart, we see a clear pullback, but now we have closed above the resistance line. A pullback is expected, and then it will continue to go long.
GPBPCAD POTENTIAL SHORT OPPORTUNITY Hey everyone what's going on! Joseph here just wanted to make another post for you all for the week ahead on a swing opportunity I see here on GBPCAD! Going to make it short and sweet for you all so you can all set this on your watchlist and go enjoy your lives! So let's dive in
OK so starting on the higher TF on the weekly timeframe we can see that GBPCAD has been rising to the upside for some time... Without any real pullbacks. Meaning no big "discounts" for some time now. What I also see is on the weekly and daily timeframe price came into a significant supply level...followed by a BOS (break of structure) to the downside printing new daily lows in the market. Showing us that this market has now turned into a seller controlled market vs before being a bullish or buyer/demand driven market.
Something that also really grabbed my attention that added to the confluence of this idea is the momentum/strength of the sellers. They came off of this supply zone very strong! Showing larger orders and more strength showing a supply driven market with more sellers than we have buyers and a dominance of sellers that if we are looking to sell also is a good sign to see!
OK so now it comes down to supply levels to be able to take action from to join into this new formed supply driven market. On my chart I am showing the level I have the most confluence for around the 1.74900 price zone. Also since this is a newly formed downtrend the buyer may try to hit a larger buy order one more time before the sells happen (also providing liquidity to the seller) to then make a larger move and new low to the downside from supply. Which is more likely to happen since it is a newly formed downtrend like I stated!
OK guys so this is my analysis for GBPCAD some good signs with price action pointing towards that next swing move being to the downside so keep an eye out and please boost this post and follow my page for more high accurate analysis!
Cheers! Happy 4th everyone!
ICT Breaker & Mitigation Blocks EXPLAINEDToday, we’re diving into two powerful concepts from ICT’s toolkit that can give you an edge in your trading: Breaker Blocks and Mitigation Blocks. There are one of my favourite PD Arrays to trade, especially the Breaker Block. I’m going to explain how I interpret them and how I incorporate them into my trading. Stay tuned all the way to the end because I’m going to drop some gold nuggets along the way"
Ok, so first of all let’s go through what both these PD Arrays look like and what differentiates them, because they are relatively similar and how they are used is practically the same.
On the left we have a Breaker Block and on the right a Mitigation Block. They both are reversal profiles on the timeframe you are seeing them on, and they both break market structure as you can see here. The actual zone to take trade from, or even an entry from, in the instance of this bearish example is the nearest down candle or series of down candles after price makes a lower low. When price pulls back to this area, one could plan or take a trade.
The defining difference is that a Breaker raids liquidity on its respective timeframes by making a higher high or lower low before reversing, whilst a Mitigation Block does not do that. For this reason, a Breaker is always a higher probability PD Array to trade off from. As you should know by now if you are already learning about PD Arrays such as these is that the market moves from one area to liquidity to another. If you don’t even know what liquidity is, stop this video and educate yourself about that first or you will just be doing yourself a disservice.
Alright, so let’s go see some real examples on the chart. Later on I’ll give you a simple mechanical way to trade them, as well as a the discretionary approach which I use. And of course, some tips on how to increase the probability of your setups.
Gbpcad After hitting a successful tp on gbpcad we expect price to have a little retracment be4 the continuation of the buy
GBPCAD LongThe sterling is catching momentum against the Canadian dollar. The bank is not expected to raise rates again. Global economies with the exception of China continue in recession or headed towards a recession. There was a sell to buy sweep of a retail channel into a key demand zone. I am thinking we go long from here or take a loss and wait for the next level.
GBP/CAD Ready for Short...The GBPCAD price is nearing a bearish order block, which could lead to a potential rejection between 1.75283 and 1.76063. Additionally, there is an unfilled imbalance in the range of 1.74736 to 1.74970. Share your thoughts in the comments section.
Fundamentally
The Canadian Dollar faced pressure following the release of official data indicating unexpected job losses in June, increasing the likelihood of another interest rate cut by the Bank of Canada. The Pound to Canadian Dollar exchange rate (GBP/CAD) surged to 1.7441, reaching its highest point since mid-June, as Statistics Canada reported a loss of 1.4K jobs in June, falling short of the expected 22.5K job growth.
This decline from the 26.7K jobs added in May suggests that the previous strong figure was an anomaly, masking a clear trend of deterioration in the labor market. With Canada's unemployment rate climbing to 6.4% from 6.2%, the Bank of Canada may be more inclined to implement a second interest rate cut.
GBPCAD H4 IdeaThe GBPCAD is poised for an initial target of 1.75200, with favourable buying opportunities anticipated as it progresses towards the 1.73800 mark.
GBPCAD - BULLISH MOVE Hello Traders !
The GBPCAD failed to break the support level (1.73641 - 1.73304).
The last lower high is broken (ChoCh).
So, I predict a bullish move 📈
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TARGET: 1.74250🎯
GBPCAD What Next? BUY!
My dear subscribers,
This is my opinion on the GBPCAD next move:
The instrument tests an important psychological level 1.7363
Bias - Bullish
Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 1.7374
About Used Indicators:
On the subsequent day, trading above the pivot point is thought to indicate ongoing bullish sentiment, while trading below the pivot point indicates bearish sentiment.
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WISH YOU ALL LUCK
GBPCADGBPCAD.
Will GBPCAD get bids from buyers ?
As the price is at strong support level and bullish divergence indicating the buyers may attack this zone. If this happens and buyers start buying from here then the next target could be 1.7550 followed by 1.8550
What you guys think of this idea?
GBPCAD is a long
The industry change, attained new growth due to , BXY sector changing its direction, last week .. which can also been seen on GBPUSD too.
GBPCADPattern based on ZZL Buy H4
+ Outsidebar CSA
Looking for Failed setup
Entry price MA High - Outsidebar High
TP MA Low TF Day
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Trade at your own risk
GBPCAD: Trend in daily time framePlease pay special attention to the very accurate trend, colored levels, and accurate channel.
Be careful
BEST
MT
