gbpcad buygbpcad buy setup based on strong 4h support and fib 0.618 retracement along with multiple bullish divergences on 1h , 2h and recently made on 4h, make the pair a bullish pick.
GBPCAD trade ideas
GBPCAD: DT Curve AnalysisThere is the possibility of a decline based on the recent breakout of a bearish pattern, as Price Action closed below the anchor @ 1.7348, creating a resistance level @ 1.7326.
The RSI indicator being in overbought area may suggest a halt or reversal in the rise.
If the downtrend analysis is correct, we might place a sell limit order at 1.7326 and a sell stop order at 1.7296.
Price Action already reached TP1 so our next available levels for a Take Profit are listed as TP2, TP3, and TP4.
GBPCAD ShortPrice Action Trading
Daily Bias Bearish
Price broken through daily support level and formed a flag pattern towards the broken support (turn resistance)
Price broken through the flag support trendline and also broken below the H1 support level. Price is seems bearish. Set a short trade at broken H1 support level confluence with Daily resistance level and close to broken support trendline. SL above the swing high in flag and TP at next daily support level with R:R 1:4
Fundamental
GBP is bearish
CAD is kind of neutral with no direction.
Potential Bullish MovePrice is done with the lower degree implulse, and as for now the market is on 4th wave correction of a larger degree. After such correction, we're expecting a continuation to the upside for wave 5.
GBPCADThis right here is the reason I preach patience so much and I will continue to do that for the rest of my trading career. It was one of the BIGGEST reasons that in my 8 years of trading that this year is my best. Trading isn't hard, the mental aspect and discipline side of it is. Look at that red arrow and and you can see where I entered, and after that it was nothing but drawdown and sideways movement. Regardless if I lose or win this trade I know what i'm risking and I know I followed my rules and stood patient even in drawdown. Not every trade will blow through your take profit and sometimes it'll take a trade a whole week to hit your stop loss. Regardless if you follow your plan it is a WIN
SELL GBPCAD for downtrend continuation STOP LOSS : 1.7363SELL GBPCAD for downtrend continuation
STOP LOSS : 1.7363
There is a strong trend on the daily time frame and all that have happened in the past days was just consolidation ( or trend pull back before continuation) .....
The daily time frame is showing strength continuation from this level of support and resistance so we are looking for the trend to push forward 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
Bearish drop?GBP/CAD has reacted off the pivot which has been identified as a pullback resistance and could fall to the 1st support.
Pivot: 1.73441
1st Support: 1.72280
1st Resistance: 1.74045
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GBPCAD 4H long/buyGBPCAD is hovering at a nice support level, to look for a long. With other CAD pairs also.
What's nice to see is:
- there is a strong downtrend
- Consolidation candles at support level
- pinbar/ liquidity bar
However this can easily be a fake pattern and continue bearish.
So what I want to see is:
- A strong bullish engulfing candle, that engulfs the last 3 candles.
Let's see what happens...
GBPCADlooking into a previous bullish rally on this pair... there's a possibility that now we looking into the correction wave 2 of the rally.. I assume we might get another push lower from the from the Zone
GBPCAD - 4hrs ( Sell Trade Target Range 280 PIP ) 🔻Pair Name : GBP/CAD
Time Frame : 4hrs Chart / Close
Scale Type : Large Scale
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🔻 spreading knowledge among us and to clarify the most important points of entry, exit and entry with more than 5 reasons
We seek to spread understanding rather than make money
🔻Key Technical / Direction ( Short )
Type : Mid Term Swing
———————————
✔️Bullish Break
1.74500 Area
Reasons
- Major Turn level / M
- Choch Zone Break Out
- Day / week High Break
- inner Counter Trend
- Visible range lvn
- Fixed Range lvn
- Trend Line Break
✔️Bullish Reversal
1.71200 Area
Reasons
- Major Turn level / D
- Patttern Target
- Visible Range Lvn
- Bullish Control Zone
- Counter Trend line
- Fibo Golden 61.8 %
- Quarter's Area
GBPCAD SHORTGBPCAD is making correction to retest 1.72350 / 1.70600
big area but important i set target to area 1.71100 / 1.70750
hope i'm right
Forex Trading Signal: GBPCAD - BuyDear Traders,
We have a new trading signal for the currency pair GBPCAD. Based on our analysis using the EASY Quantum Ai strategy, we recommend the following trade:
Direction: Buy
Enter Price: 1.73023
Take Profit: 1.73253667
Stop Loss: 1.72858667
Our forecast points toward a bullish trend for the GBPCAD pair for several reasons. Firstly, the market has recently shown strong upside momentum, breaking through key resistance levels which now act as new support levels.
Additionally, there is positive economic data coming out of the UK suggesting an economic recovery, which provides strength to the GBP. On the other hand, the Canadian Dollar may face pressures due to fluctuations in oil prices and economic uncertainties.
Our EASY Quantum Ai strategy has thoroughly analyzed historical price patterns, economic indicators, and market sentiment, leading us to predict that the pair is more likely to move upwards in the near term.
Please ensure you set your Take Profit at 1.73253667 and Stop Loss at 1.72858667 to manage your risks effectively.
Happy trading!
Best regards,
Your Trading Team
GBPCAD bearish continuation Current Price: 1.73218
Resistance Zone: 1.7330 to 1.7350 (highlighted in red)
Support Levels: 1.7240, 1.7150, 1.7110 (highlighted in red)
Overall Trend: Downtrend on higher timeframes (1-hour, 4-hour, and daily charts)
Trade Setup
Given the bearish trend and the resistance zone, the plan is to enter a short position when the price confirms a rejection from the resistance area (1.7330 - 1.7350).
Entry Criteria
Short Entry: If the price fails to break above 1.7330 and shows signs of reversal (e.g., bearish candlestick pattern or rejection wick) around this level.
Targets
First Target (T1): 1.7240
Second Target (T2): 1.7150
Third Target (T3): 1.7110
Stop Loss
Stop Loss (SL): Above the resistance zone at 1.7360
Risk-Reward Ratio
Ensure the risk-reward ratio is favorable, ideally at least 1:2. For example, if the stop loss is 30 pips, the first target should be at least 60 pips away.
Trade Management
Initial Entry: Enter short around 1.7320 - 1.7330.
Stop Loss: Set at 1.7360 to account for false breakouts.
Take Profit:
Close a portion of the position at the first target (1.7240).
Move stop loss to breakeven once the first target is hit to protect against losses.
Close another portion at the second target (1.7150).
Let the remaining position run to the third target (1.7110) with a trailing stop to maximize profits.
Trading Signal for GBPCAD: BUYDirection: Buy
Enter Price: 1.73224
Take Profit: 1.73519667
Stop Loss: 1.72888667
We recommend entering a Buy position for the currency pair GBPCAD at the price level of 1.73224 , with a Take Profit set at 1.73519667 and a Stop Loss at 1.72888667 .
This forecast is based on an in-depth analysis conducted using the EASY Quantum Ai strategy. Several indicators suggest a positive move:
1. Fundamental Analysis: The British Pound has shown resilience against the Canadian Dollar due to stronger economic data from the UK, including recent GDP growth and positive employment figures. Conversely, Canada's economy is facing pressure from declining oil prices, which negatively impact the Canadian Dollar.
2. Technical Indicators: Our analysis shows a bullish trend in the GBPCAD pair, confirmed by moving averages and the Relative Strength Index (RSI) signaling a potential upward movement.
3. Market Sentiment: Current market sentiment has been favoring currencies linked to stronger economies, and the UK is demonstrating robust economic recovery.
Please execute this trade with due diligence and ensure you monitor the market for any sudden changes that may affect this signal.
Potential gartley on gbpcad Currently seeing Gcad in an accumulation phase from B to C leg which I’m ideally looking to take shorts from C to the harmonic kill zone
Paytience pays
Letting the market setup the play
GBPCAD I Long opportunity from bottom of the channel Welcome back! Let me know your thoughts in the comments!
** GBPCAD Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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Thanks for your continued support!Welcome back! Let me know your thoughts in the comments!
GBP/CAD BULLS ARE STRONG HERE|LONG
Hello,Friends!
GBP/CAD pair is trading in a local uptrend which know by looking at the previous 1W candle which is green. On the 9H timeframe the pair is going down. The pair is oversold because the price is close to the lower band of the BB indicator. So we are looking to buy the pair with the lower BB line acting as support. The next target is 1.742 area.
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GBPCAD is BearishA matured bearish RSI divergence on four hourly time frame is playing out as the price has broken previous higher low and printed a lower high. If bears remain in control we could see further downside in price action. Targets are mentioned on the chart.
SELL IDEA GBP/CADWe can expect a sell reaction from the specified resistance zone. Because there is another untested supply zone above this zone, an entry trigger is required.
GBP/CAD Potential ShortHi Traders.
We see this pair is getting more and more bearish.
We see clear impulse and correction phases.
Right now we are in a smaller correction, when we see a breakout from the current structure
we can expect more bearish movement
GBP_CAD NICE BREAKOUT|SHORT|
✅GBP_CAD is going down
And the pair broke the
Key horizontal level of 1.3750
And the breakout is confirmed
So we are bearish biased
And we will be expecting
A further move down
SHORT🔥
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