GBP/CAD Short GBP/CAD looks like it has broken out of the upwards channel it was following.
2 TP markers marked up.
GBPCAD trade ideas
GBPCAD H4 LongThe GBP/CAD 4-hour chart shows a bullish continuation as price breaks above the key resistance at 1.81102 and clears the Ichimoku cloud (Kumo), signaling strong upward momentum. The green Kumo ahead indicates bullish sentiment, while the Tenkan-sen (red) remains above the Kijun-sen (blue), confirming a trend alignment. This breakout is supported by price closing above both the Tenkan-sen and Kijun-sen, with a clear upward trajectory. The bullish target lies near 1.82812 (previous swing high), while the stop-loss is set below the Kijun-sen at approximately 1.80514, maintaining a favorable risk-to-reward ratio.
Scenario GBPCAD update levels 11.12.24.There is a lot of liquidity left in this market, so the correction was much larger than could be expected, but I still think that if the market maintains the level of support, which is located at the price level of 1.80700-1.80500, then a short set up is possible, there are many levels below us where it is possible that we should see for now but still waiting.
GBPCAD Analysis And Next Market MovePair Name = GBPCAD
Timeframe = H4
Analysis = technical + fundamentals
Trend = Bullish
Details :-
GBP is getting strong. Gradually buyers are increasing. GBPCAD is getting ready for a good bullish wave. Expecting 300 Pips + gain here in the move.
Bullish Target :-
1.83000
1.84000
GBPCAD is Bullish and 1.845 on the TableI am not going to be selling this pair for as long as the monthly Uptrend remains intact. 1.845 on the table in the near future. and all those price points I tagged are staring at us as we have already broken March 2020 high and a CHoCH has clearly happened to the upside on the monthly.. Let us always pay attention to the bigger picture. We may see 2.095 in the longer term. We can keep looking for by entry in lower timeframe as that is the safest thing to do haven see the bigger picture now
GBP CAD SHORTSWeekly : same idea than GBPAUD. this pair is reaching a resistance that has not been broken since Mar 12'. Price still has bearish structure to consider shorts.
Daily : price is at a critical area where it will either break and retest or fully reject to to the downside. Bullish structure is visible
4h : price recently broke previous low which indicates we can continue to the downside.
1h : price is currently rejecting area of interest around 1.80500 and EMA. I will be waiting for candle close to consider entering
Mon 16th Dec 2024 GBP/CAD Daily Forex Chart Sell SetupGood morning fellow traders. On my Daily Forex charts using the High Probability & Divergence trading methods from my books, I have identified a new trade setup this morning. As usual, you can read my notes on the chart for my thoughts on this setup. The trade being a GBP/CAD Sell. Enjoy the day all. Cheers. Jim
GBPCAD BULLISH CONTINUATION OPPORTUNITYHello Everyone!
How are you all?
GbpCad is a pair to watch this week, because it is shaping up very nicely for a bullish trend continuation that we can capitalize on.
So, I will be looking for a bullish continuation because of the following reasons:
1. The overall trend is bullish
2. The price is retracing the value area.
Game Plan:
If the price comes to the VA, and rejects at that level or sweeps the Low, and makes a bullish impulse followed by a 15mins flag with two highs and lows.
Entry : will look for a risk entry within the flag or a reduced risk entry on the breakout of the flag.
Bearish drop?GBP/CAD is reacting off the pivot which is a pullback support and could drop to the 1st support which acts as a pullback support that is slightly above the 50% Fibonacci retracement.
Pivot: 1.7999
1st Support: 1.7901
1st Resistance: 1.8107
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
GBPCAD - 1H - Bearish ReversalFollowing are the factors involved in the Bearish Reversal:
1 Bearish Divergence
2. Double Top Pattern
GBPCAD_SELLThe chart you provided for GBPCAD appears to present a sell trade setup. Here's the analysis:
Observations:
1. **Resistance Zone:**
- Price is testing a significant resistance level near **1.8109-1.8173**.
- The area has acted as resistance in the past, rejecting price movements multiple times.
2. **Bearish Rejection:**
- A potential reversal is hinted as price shows signs of struggle to break above the resistance zone.
- If bearish candlestick patterns form here (e.g., shooting star, engulfing), it strengthens the sell bias.
3. **Risk-Reward Ratio:**
- The trade setup indicates a **Risk/Reward Ratio of 4.59**, suggesting a favorable potential return compared to the risk.
- The **stop-loss** is placed slightly above the resistance at **1.8173**, providing a buffer for false breakouts.
- The **take-profit** is set around **1.7703**, near a previous support level.
4. **Trend Analysis:**
- While the recent trend shows an upward move, the sell setup suggests a correction or reversal if the resistance holds.
5. **Confluence:**
- The 50-day moving average (blue line) acts as dynamic support in the middle of the trade range, which may influence price behavior during the decline.
### Potential Scenarios:
- **Bearish Confirmation:**
Look for a clear rejection or bearish candlestick pattern at the resistance zone before entering the trade.
- **Invalidation:**
If the price breaks and closes above the resistance zone, the bearish view may be invalidated.
GBPCADGBPCAD is in reversal mode
Bearish divergence also shown in RSI.
Market sentiment is also bearish.
We sell at CMP
GBPCAD Wave Analysis 11 December 2024
- GBPCAD reversed from strong resistance zone
- Likely to fall to support level 1.8000
GBPCAD currency pair recently reversed down from the strong resistance zone located at the intersection of the upper daily Bollinger Band and the key resistance level 1.8100, which has been reversing the pair from September.
The downward reversal from this resistance zone stopped the C-wave of the previous ABC correction (B) from the end of November.
Given the strength of the resistance level 1.8100, GBPCAD currency pair can be expected to correct down to the next round support level 1.8000.
GBPCAD-SELL strategy 12-hourly chart The pair is way overbought, and the real correction will likely be tonight after BOC decision. we could have a rate cut, as expected, or maybe not, and statements by them, may create CAD correction.
Strategy SELL @ 1.8070-1.8110 range and take profit near 1.7878 (or first stop at 1.7965).
Bearish drop?GBP/CAD is reacting off the pivot and could drop to the 23.6% Fibonacci support.
Pivot: 1.8113
1st Support: 1.7997
1st Resistance: 1.8243
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Institutional Supply: GBP/CAD shortshey,
as mentioned in my prior post, I expect cad strenght this week.
with that in mind, this chart is looking ready for the pullback from trendline supply.
if you don't know how these zones work, watch the videos on my profile.
yes, again waiting for star patterns to occur in or slightly above the zones.
kind regards,
Max Nieveld
1st Empathy strat TA/TC (SELL)CAD looks like a stable market to invest in due to the momentum gaining around the currency, the oversold levels and currently low declined volatility makes it perfect for significant inclines due to unstable bearish buying power. with a economic counter to GBP's interest rate decisions week of DEC 8, and the volatility gaining around the coin, plus the bearish sustaining momentum sell GBP buy Cad.
Strategy:
Final Tp = 2.5% @round 1.75745
SMA = 1.3% Avg SMA = 0.60% retracment = 0.35%/0.70%
1st Empathy Strat Revised 12/12/24Last strategy for GBP/CAD:
CAD looks like a stable market to invest in due to the momentum gaining around the currency, the oversold levels and currently low declined volatility makes it perfect for significant inclines due to unstable bearish buying power. with a economic counter to GBP's interest rate decisions week of DEC 8, and the volatility gaining around the coin, plus the bearish sustaining momentum sell GBP buy Cad.
Strategy:
Final Tp = 2.5% Round 1.75745
SMA = 1.3% Avg SMA = 0.60% retracment = 0.35%/0.70%
12/11/24
Note
Strategy struggling pulled out of market readjusting to market situation
new revised Strategy 12/12/24:
since this strategy had a hard time on the decline after researching GBP market expect inclined push on fx securities due to lower prices in historical data of fx securities, plus the US PPI & natural gas fluke expect gas securities to fluke due to electric switch-over globally for sometime.
CAD tech tariffs will cause dollar volatility for now expect GBP to rally
GBPCAD at trend reversalGBPCAD in bullish trend, printing a rising channel expected trend reversal from bullish to bearish. RSI diversion can be seen
GBPCAD - 4hrs ( Sell Trade Target Range 180 PIP ) Pair Name :GBP/CAD
Time Frame : 4hrs Chart / Close
Scale Type : Large Scale
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Key Technical / Direction ( Short )
———————————
Bearish Reversal
1.80700 Area
Reasons
- Major Turn level
- Visible range Hvn
- Choch Zone
- Fibo Golden
- P / Q H
Bullish Reversal
1.79000 Area
Reasons
- Major Turn level
- Visible range Lvn
- Pattern Target
- Fibo Golden
- choch Zone
GBPCAD Will Explode! BUY!
My dear followers,
This is my opinion on the GBPCAD next move:
The asset is approaching an important pivot point 1.8058
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 - 1.8076
About Used Indicators:
For more efficient signals, super-trend is used in combination with other indicators like Pivot Points.
———————————
WISH YOU ALL LUCK
Bearish drop off multi swing high resistance?GBP/CHF is reacting off the resistance level which is a multi swing high resistance and could drop from this level to our take profit.
Entry: 1.8094
Why we like it:
There is a multi swing high resistance level.
Stop loss: 1.8242
Why we lik eit:
There is a resistance level at the 127.2% Fibonacci extension.
Take profit: 1.7912
Why we like it:
There is a pullback support that is slightly above the 38.2% Fibonacci retracement.
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