GBPCAD 4HThe price has reached a very strong resistance zone and has reacted to it. We have the two-year pivot at the top of the price, also our trigger line has been broken in the 4-hour timeframe, and we expect further declines to form.
CADGBP trade ideas
update. added entryThis Analysis Can Change At Anytime Without Notice And It Is Only For educational Purpose to Traders To Make Independent Investments Decisions.
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GBPCAD - BearishGBPCAD recently broke its bullish trend line on 1H timeframe and started a bearish trend forming lower highs and lower lows. Its respecting 0.78 Fib level retracement currently. We will take an instant sell position.
GBPCAD Buy IdeaOANDA:GBPCAD has been in downtrend. Currently, It's retesting the descending trendline while trading on premium fib levels of 50-61%. We can look for short opportunities in this price range
SELL GBPCAD Price has approached the monthly highs of 1.78907 where price has reversed from in the past, in addition scrolling down on the weekly we can see the formation of a double top pattern indicating signs of reversal, on our daily we can even identify structure more clearly with the formation of a bearish engulfing pattern off the highs indicating signs of bearishness . Dropping down on our 4h time frame we can see the break of a trendline and now the market is forming lower lows and lower highs pushing to the downside and currently forming a break and retest pattern at 1.77564. Approach with caution and trust the process
Short on GBPCADOn a monthly chart, we can see an uptrend ending with a doji candle . This tells me, the uptrend came to an end and now we will move lover. Great is, that the doji is exactly at the resistance, that worked wery well in the past.
I will look for entries at daily chart. My PT will be aprox. 1.62 -1.63, based on the weekly chart levels. Valid until we brake above 1.78692 (high of a doji candle).
To sum it up:
uptrend, currently not moving higher
strong resistance, that worked for decade
doji candle, which means not enough buyer to outnumber the sellers, but also not enough seller (yet) to outsell the buyers. Basically change of the trend.
fundamentals - I expect the Canadian economy to perform better in a 1 year period.
I wish you good luck and good trading.
GBPCAD BULLISH ON THE 2HR CANDLEThere is rejection at the support level at around1.7710. I expect the next 2hour candle to close bullish before making my entry at 1.7744 and SL at 1.7726.
Risk to Reward= 1: 12
GBPCAD possible sell. Very good sell moment on break upward trand line and indicators filters:
SL: 1.9692
TP: 1.75906
GBPCAD Bearish 4H TF(Divergence, Dow BOS, Trendline)GBPCAD showing bearish reversal sign supported by 4H Divergence and DOW making LH and LL with a Break of Structure (BOS). Price actions is following the falling trendline. Entry is taken at CMP with TP at 1:1 and 1:2 and stop loss at previous HH.
What do you think, will it work?
GBPCAD Shorthere i have a quick short selling opportunity for intra-day position, this is just my idea and not meant for anyone to act upon. you take the trade, i wouldn't take the praise for the winner neither will i take the blame when it loss'
GBPCAD Outlook💹 Forex:
📈 Bullish Outlook:
GBPCAD has been breaking into new highs on our Weekly, Daily, and 4hr time frame.
Long term time frame (1W): Price has been surfing above the 10ema.
Intermediate time frame(1D): Price is re-accumulating.
Entry time frame (4hr): Price has re-accumulated below the 10ema.
Entry time frame (4hr): I'm interested in longs if price can get above the 10ema and start showing strength.
Keeping an eye on this. 👁️
GBPCAD - Possible setup.GBPCAD: Currently in a bearish trend. Consider taking a short entry if the support level breaks down. Stop loss (SL) and take profit (TP) levels are highlighted on the chart.
Swing short for GBPCADEntry: 1.744
TP1: 1.73
TP2: 1.69
SL: 1.807
GBP policy rate decision tomorrow, RSI overbought on daily chart, approaching major resistance level
GBPCAD - Sell SetupGBPCAD has broken the previous HL after printing Bearish Divergence on RSI.
Entry point on the break of Support.
GBPCAD BEARISH IDEAGBP Is Weak Against CAD. SEASONALITY Shows GBPCAD IS BEAISH TILL September 5. Also, Make A New LL ON 4H TF
GBPCAD LongPAIR:
🆓 FREE 4hr Long Signal
GBPCAD has been breaking into new highs on our Weekly, Daily and now our 4hr entry time frame. and surfing above our 10/50/200 EMAs. Price has now had a pullback followed by "AE" advanced engulfing pattern. That makes this a good example of the 10 EMA Advanced Engulfing. For this entry I actually missed it and set an alert so that if price came back to my entry level again before hitting a 1:1 I would have a chance to enter.
🎯 Entry - 1.78156
💰 Take Profit - 1.78941
❌ Stop Loss - 1.77894
1:6 RR Sell Setup for GBPCAD😇 7 Dimension Analysis
Time Frame: H4
Swing Structure:
The current swing structure is bullish with a recent liquidity sweep followed by an inducement. A deep corrective swing move is highly anticipated, especially after the inducement pullback, which has solidified the bearish internal structure. The extreme Point of Interest (POI) and Order Block (OB) located in the discounted zone is the target area for the corrective move, making this a whale scoop entry model.
Resistance has been established with a fake breakout, increasing the likelihood of a bearish move.
Pattern:
🟢 Chart Patterns:
Reversal: Double Top and Trendline Breakout on the bearish side, along with a Shakeout, indicating a potential reversal.
🟢 Candle Patterns:
A long wick spinning top candle has appeared, rejecting the POI, followed by a series of momentum candles, including a bearish engulfing candle.
The Narrow Range 7 candle pattern has also given a bearish breakout, supporting the potential downward move.
Volume:
🟢 Outside of the fake-out candle, there hasn't been significant volume, suggesting that the highest volume candle might be a decision point where big players have initiated sell positions. Following their lead could be advantageous.
Momentum RSI:
🟢 The market is transitioning from a super bullish zone to a sideways phase, with a high probability of a range shift. The bearish divergence in RSI, coupled with loud moves, further supports this scenario.
Volatility Bollinger Bands:
🟢 Contraction is just beginning at the POI, and the next steps could involve a squeeze breakout and walking on the band, likely on the lower side. The M pattern and upper band puncher in the Bollinger Bands also suggest a forthcoming bearish trend.
Strength ADX:
ADX is a lagging indicator, but all other parameters point towards an anticipated bearish move, even if ADX is not yet confirming it.
Rating: ⭐⭐⭐⭐ (4 Stars)
Probability: 60%
This trade setup has a moderate probability, indicating a cautious but potentially rewarding bearish opportunity.
✔️ Entry Time Frame: H4
✅ Entry TF Structure: Bullish (this is a counter-trade)
☑️ POI: Swing Liquidity Sweep
💡 Decision: Initiate a Sell position.
🚀 Entry: 1.78300
✋ Stop Loss: 1.7875
🎯 Take Profit: 1.7479
😊 Risk to Reward Ratio: 6RR
🕛 Expected Duration: 7 Days
SUMMARY:
This H4 analysis suggests a counter-trade opportunity in a bullish structure that is showing signs of a potential bearish correction. The confluence of a liquidity sweep, inducement, and rejection at the POI, along with supporting chart and candle patterns, volume analysis, and RSI divergence, all point to a possible bearish move. The setup is rated with a 60% probability, indicating a moderate level of confidence. The trade should be monitored closely, especially around the entry and stop-loss levels, to capitalize on the expected move.
GBPCAD Trading PlanGBPCAD Trading Plan
Rising channel breakout and retested and looking for bearish move
GBP/CAD SHORT FROM RESISTANCE
Hello, Friends!
The BB upper band is nearby so GBP-CAD is in the overbought territory. Thus, despite the uptrend on the 1W timeframe I think that we will see a bearish reaction from the resistance line above and a move down towards the target at around 1.764.
✅LIKE AND COMMENT MY IDEAS✅
Bears in control of GBPCAD, 1hrGBPCAD has always given us proper setups and follows market structure. Previous price action of this pair tells us that its setups are always clear to where its next direction will be.
And previously we were in a bullish trend and we reached a very strong resistance zone a with strong momentum of being bearish. We might be going for sells for the rest of the week. The setup will only be solid if we cross 1.77690 which is our current support and that will confirm our selling opportunities.
ACCORDING TO DOW THEORY CONCEPTIN this GBPCAD chart trend is about to reverse from bullish market to bearish market. I can say so because series of Higher High and Higher low has stoped
GBPCAD: First red day, Tuesday day 2Hi everyone and welcome to my channel, please don’t forget to support all my work subscribing and liking my post, and for any question leave me a comment, I will be more than happy to help you!
“Trade setups, not movements”
1. DAY OF THE WEEK (Failed Breakout, False Break, Range Expansion)
Monday DAY 1 Opening Range
Tuesday DAY 2 Initial Balance ✅ day 3 cycle
Wednesday DAY 3 (reset DAY 1) Mid Point Week
Thursday DAY 2
Friday DAY 3 Closing Range
2. SIGNAL DAY
First Red Day ✅
First Green Day
3 Days Long Breakout
3 Days Short Breakout
Inside Day
3. WEEKLY TEMPLATE
Pump&Dump ✅
Dump&Pump
Frontside
Backside ✅
4. THESIS:
Long: not interested, although there is volume trap below yesterday closing price, so potentially a dump and pump of Mon and Tue, the 3 session setup is not part of my entry criteria for a long setup.
Short: primary, first red day when setup correctly is a good potential sell high opportunity. Short are in the market and Tue placed a lower low into the current LOW. Tue usually expands the range but this is not the perfect scenario.
However, if until 10am MRN release, if the market will place a current HOD, locking it, I will be willing to take a short setup.
Please note that the purpose of my analysis is to help me and you hunting the best trade setup for the day, none of my technical aspects are a way to forecast any directional market movement.
Gianni
