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GBPCAD trade ideas

GBP/CAD Sell Trade IdeaTechnical Analysis: Resistance Level: GBP/CAD has reached a strong resistance , which has been tested multiple times without a breakout. Sellers have shown strength at this level. Candlestick Pattern: A potential Bearish Engulfing pattern has formed on the 4-hour chart, suggesting a possible reversal from the current resistance. Indicators: RSI is approaching the overbought zone, currently around 70, indicating that the pair may be overextended. Fundamental Analysis: Ongoing concerns around the UK economy and uncertainties regarding the Canadian dollar due to oil price fluctuations make the case for a weaker GBP and stronger CAD in the near term. Risk Management: Ensure to adjust the position size according to your risk tolerance and keep your risk below 1% of your total capital.
Short
by mohammad_alavi
1
GBPCAD - Technical Analysis [Short Setup]🔹 GBPCAD Analysis on 1HR chart - The current Trend BULLISH - Bearish Divergence is Present - No Reversal pattern - If HL breaks, we will take short position 🔹 Trade Plan - Entry Level = 1.78051 - Stop Loss = 1.78599 - TP1 = 1.775 - TP2 = 1.7696 🔹 Risk Management - First TP is 1:1 - Second TP is 1:2 🔹 How to Take Trade? - Only risk 2% of your portfolio - Take 1% risk entry with 1:1 RR - Take 1% risk entry with 1:2 RR Like and subscribe to never miss a new idea! ✌🏼
Short
by Bountysoul
THOUGHTS ON GBP/CADGBP/CAD 1M - As you can see with this pair I have gone ahead and marked out three areas of interest I feel price may come to trade up and into before we see price trade us lower longer term. I am set on this market being a bearish one longer term that is what the 3 month structure suggests, giving us clear indications of bearish structure. We should therefore be looking for areas of interest to go short from. With us having three areas to look to get involved from we just have to be patient now and wait for price to deliver us with the right pieces of confirmation in order for us to get involved. With me following the laws of structure and Supply & Demand balance I will be waiting for relevant breaks. Once we have a break in structure in or around one of three areas thats when I will be looking to take part in the market with short orders.
Short
by Lukegforex
3
Lingrid | GBPCAD in consolidation zone. ShortFX:GBPCAD is currently fluctuating near the main resistance level and the upper boundary of the consolidation zone. The price has shown impulsive movements, oscillating between support and resistance levels. I believe the price may decline from the resistance, as the market has rejected this level and is likely to move downward to retest the support level. My goal is to support level at 1.77780 Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻
Short
by Lingrid
3
GBPCAD Will Go Lower From Resistance! Sell! Take a look at our analysis for GBPCAD. Time Frame: 15m Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is trading around a solid horizontal structure 1.783. The above observations make me that the market will inevitably achieve 1.780 level. P.S We determine oversold/overbought condition with RSI indicator. When it drops below 30 - the market is considered to be oversold. When it bounces above 70 - the market is considered to be overbought. Like and subscribe and comment my ideas if you enjoy them!
Short
by SignalProvider
1
55 Pips Opportunity as GBP/CAD Targets 1.7850 ResistanceGBP/CAD is currently trading at 1.7795 and moving sideways, indicating consolidation in the market. The key support level is positioned at 1.7690 , while resistance is seen at 1.7850 . Based on the current market structure, we believe GBP/CAD has the potential to rise and test the resistance at 1.7850 . This upward movement presents a trading opportunity of around 55 pips . The price action suggests a bullish outlook, as long as the pair holds above the support zone, making the resistance level our target for this potential move.
Long
by FXTradingAnalysis
1
GBPCAD Possible Short Position BBMA OA ReEntry Zone Zero Loss4H - Re-Entry 1H - 50 EMA Rejection + Bollinger Band Rejection 15m - Entry in MAHI Note: * Cancel trade or cut-loss when candle close Above MAHI (2 Green Color Lines) in 4H * 1:3 RRR * TAYOR A combination of multiple moving averages and Bollinger Bands is the BBMA OMA Ally strategy. It provides an extensive and reliable examination of market trends and patterns by utilizing the strength of both indicators. It is a multi-time frame analysis I am using the BBMA OA Reentry Zone Zero Loss Strategy as a basic reaction to recent market events, rather than attempting to forecast the market's future course
Short
by GreggiBond
GBPCAD: Detailed Technical OutlookQuick Update on ⚠GBPCAD: Analyzing the price movement on a 4-hour chart today, I observed that the market is in a consolidation phase. There is a tight trading range occurring horizontally. Traders interested in selling should wait for the price to break below the support level of this range. A clear signal of a bearish trend would be a 4-hour candle closing below 1.7683. If this occurs, it is likely that a bearish trend will follow. The next level of support to watch for is at 1.7600.
Short
by linofx1
GBPCAD - 4hrs ( Sell Trade Target Range 180 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 ( Sell Opportunity ) Type : Mid Term Swing ——————————— Bearish Reversal 1.77100 area Reasons - Major Turn level - Major Counter Trend - Choch zone - Quarter's Area - Fixed Poc Area - Visible Range Hvn Bullish Reversal 1.75300 Area Reasons - Major Turn level / D - Visible Range Lvn - Fixed Value - Pattern Target - Choch Zone - Fibo Golden
Short
by GoldenEngine
GBPCAD Trading Opportunity! BUY! My dear friends, GBPCAD looks like it will make a good move, and here are the details: The market is trading on 1.7742 pivot level. Bias - Bullish Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market. Goal - 1.7768 About Used Indicators: Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis ——————————— WISH YOU ALL LUCK
Long
by AnabelSignals
13