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CANADIAN DOLLAR / BRITISH POUND

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CADGBP trade ideas

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
GBPCAD Eyes a Strong Rebound from Key Support ZoneThe GBPCAD pair has recently broken through a significant resistance level and pierced a longstanding downward trendline, suggesting the beginning of a bullish trend shift. This breakout is a strong technical signal that hints at a potential shift in market sentiment, favoring the buyers. Observing price action on the daily timeframe, there’s a clear pattern of higher highs and higher lows—indicating persistent buying strength and steady momentum that continues to build with each new high. What’s particularly noteworthy is how the price approaches the psychologically important level of 1.8000. This round number often serves as a critical juncture for price action, as it tests both the conviction of the bulls and the resilience of the bears. Given the current upward momentum, this level could soon be surpassed, allowing the pair to break further into bullish territory. A retest of the recently broken resistance zone would further validate this bullish move, establishing the 1.8000 mark as a new support level that can launch further upward advances. Looking forward, my target lies around the resistance zone at 1.8070, where the next substantial price ceiling resides. This target aligns well with the bullish continuation patterns observed, as GBPCAD appears poised for sustained gains. Should this upward movement continue with strong support from market participants, we may see a definitive move toward the 1.8070 resistance, solidifying a broader trend reversal and setting the stage for potential long-term gains. In this bullish landscape, each new high reinforces a prevailing buyer-driven sentiment, making the breakout and retest scenario even more compelling.
Long
by lonelyPlayer0
3
GBPCAD BEARISH FOR 120 PIPSRisk-to-Reward Ratio: You're looking at a risk-to-reward ratio of approximately 1:2.4 (120 pips reward to 50 pips risk), which is generally favorable as it allows for larger potential profit relative to the risk. Technical Analysis Setup: Downtrend Confirmation: Check for confirmation of a downtrend by observing a series of lower highs and lower lows. You could also use moving averages (such as the 50 EMA and 200 EMA) to see if the price is below them, which would reinforce the bearish outlook. Support and Resistance: Look for any major support levels around the 120-pip target. This will help confirm that price could reach this level without major barriers. Key Indicators: Use RSI or MACD to confirm any overbought conditions, which would indicate the potential for further downside. Entry Trigger: To increase your trade's precision, consider entering on a lower timeframe if there is a bearish engulfing candle, pin bar, or any other strong bearish price action. Volatility and Timeframe: Ensure you're entering during a high-volatility period (such as a London or New York session overlap) if looking for a quicker move. GBP/CAD can be quite reactive to news from the UK or Canadian markets. Managing the Trade: As the price approaches the 120-pip target, consider scaling out or adjusting your stop loss to secure profits while maintaining some exposure in case the trend continues further down.
Short
by LORDOFTHETRADERS
GBPCAD - 4hrs ( Buy Trade After Break TP Range 200 : 300 PIP)🟢 Pair Name :GBP/CAD Time Frame : 4hrs Chart / Close Scale Type : Large Scale ------ spreading knowledge among us and to clarify the most importan+t points of entry, exit and entry with more than 5 reasons We seek to spread understanding rather than make money 🟢 Key Technical / Direction ( Long ) After Break Out ——————————— Bullish Break 1.80650 Area Reasons - Major Turn level - Visible Range Hvn - Fixed Range hvn - Quarters area break - Choch Zone Bearish Reversal 1.89750 Area
Long
by GoldenEngine
4
GBPCAD Massive Short! SELL! My dear followers, This is my opinion on the GBPCAD next move: The asset is approaching an important pivot point 1.8040 Bias - Bearish Safe Stop Loss - 1.8084 Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market. Goal - 1.7967 About Used Indicators: For more efficient signals, super-trend is used in combination with other indicators like Pivot Points. ——————————— WISH YOU ALL LUCK
Short
by AnabelSignals
1
High timeframes very bullish for GBPCAD. See chart please.All credit to Lingrid, who recently alerted this trade, I thought it looked very bullish. Back in first couple of weeks in September, price headed down to liquidity buying zones and price then ascended very strongly, before heading back down to the same order blocks for liquidity in October. Price bumping around a bit lately, it has good momentum support upwards on the Oscillators and recently today Monday, price has been traversing double tops and price will drift upwards I think very soon.
Long
by Easy_Explosive_Trading
6