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GBPCAD trade ideas

#GBPCAD 1DAYOn the 1-day chart of GBP/CAD, the pair is facing a resistance level at 1.78300. This level has proven to be a significant barrier, preventing the price from rising further. If the pair fails to break through this resistance and begins to reverse, the next potential target level could be 1.75800, which may serve as a key support area. Traders might look for a rejection at 1.78300, followed by a decline towards the 1.75800 target. A bearish confirmation, such as a reversal pattern or weakening momentum near resistance, could strengthen the likelihood of this move
Short
by PIPSFIGHTER
GBPCAD Will Go Down From Resistance! Short! Please, check our technical outlook for GBPCAD. Time Frame: 1h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is testing a major horizontal structure 1.782. Taking into consideration the structure & trend analysis, I believe that the market will reach 1.779 level soon. P.S Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback. Like and subscribe and comment my ideas if you enjoy them!
Short
by SignalProvider
1
Over and Over again !!!Hello everyone, a new happy trading week to us all !. Price will always come back, tap and respect a valid unmitigated order block in this kind of setup i have been consistently sending here and it happens over and over again. Oy's not easy to patiently wait for price to always come back but as always, PATIENCE is the name of the game !. Would you rather force trades whenever price comes to unmitigated order blocks or just target valid unmitigated order blocks that meets every requirement. Do not risk even a dollar of your money if you aren't sure of any setup because confidence stems from taking trades consistently based off on your strategy , that makes you money each time, so when you don't see your setup, you won't trade but you know that if you take trades, it's only because you see your setup and that's why you enter...(I hope i'm making a bit of sense). Always use proper risk management and do your own analysis always.
by LaBOSS_FX
GBPCAD Possible SELL The market is currently testing the current weekly major structure. Based on Daily TF, the market is testing 0.786 Fib level. We could see SELLERS coming in strong should the current level hold. Disclaimer: Please be advised that the information presented on TradingView is solely intended for educational and informational purposes only.The analysis provided is based on my own view of the market. Please be reminded that you are solely responsible for the trading decisions on your account. High-Risk Warning Trading in foreign exchange on margin entails high risk and is not suitable for all investors. Past performance does not guarantee future results. In this case, the high degree of leverage can act both against you and in your favor.
Short
by WiLLProsperForex
Bullish Outlook for GBP/CAD with Key Level at 1.78160The GBP/CAD pair is expected to move bullishly, targeting the 1.78160 level. On the 1-hour chart, the price has successfully broken out of a descending channel, creating a higher high before retracing. This movement is significant, especially with the RSI indicator reaching overbought levels, suggesting strong upward momentum. I anticipate that a more favorable entry point would be when the RSI dips below the 50 level, indicating a potential pullback within the ongoing bullish trend. This setup strongly supports the view that the pair will continue its upward movement towards the 1.78160 target. We'll see how the market develops from here.
by ClearTradingMind
GBP/CAD Bank Money Heist Plan on Bearish SideHola ola My Dear, Robbers / Money Makers & Losers, This is our master plan to Heist GBP/CAD Bank based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Short entry. Our target is Green Zone that is High risk Dangerous level, market is oversold / Consolidation / Trend Reversal / Trap at the level Bullish Robbers / Traders gain the strength. Be safe and be careful and Be rich. Note: If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Use Trailing SL to protect our money. Entry : Can be taken Anywhere, What I suggest you to Place Sell Limit Orders in 15mins Timeframe Recent / Nearest Swing High Stop Loss : Recent Swing High using 2H timeframe Warning : Fundamental Analysis comes against our robbery plan. our plan will be ruined smash the Stop Loss. Don't Enter the market at the news update. Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic level / Order block, Once it is cleared we can continue our heist plan to next new target. Support our Robbery plan we can easily make money & take money 💰💵 Follow, Like & Share with your friends and Lovers. Make our Robbery Team Very Strong Join Ur hands with US. Loot Everything in this market everyday make money easily with Thief Trading Style
Short
by Thief_Trader
#GBPCAD possible head and shoulder formationAs you can see in the chart, we might be observing a potential Head and Shoulders pattern forming on the 1H timeframe in GBPCAD. Given the bearish market structure on the 4H timeframe, this 1H bullish move could be viewed as a corrective rally within the larger downtrend. Additionally, there is a bearish divergence between the left shoulder and the head, further strengthening the bearish confluence. To enter a sell position, I recommend waiting for the price to drop below the 1H EMA (blue line) and then look for a bearish setup to confirm the trade.
Short
by mohemati
GBPCAD (Short)Turtle soup and Smart Money Concept Trading Strategy The Turtle Soup strategy, however, flips the script, aiming to profit when those anticipated trend. Linda Raschke’s Turtle Soup strategy is a counter-trend trading approach that capitalizes on failed breakouts. ENTRY :- SELL -Above opening price (daily) BUY - Below opening price (daily) STOPLOSS :- above or below recent swing High 1st TARGET :- Book profit 50% 2nd TARGET :- Book profit 25% 3rd TARGET :- Book profit 25% Consisitency and hard working is the key of success. KEY OF SUCCESS :- *) Buy below opening price of Daily Candle AND Sell above opening price of Daily Candle. *) Do not take risk more than 1% of Equity. *) Take Profite Should be More then 2% of Equity . *) Book 50% profit of running trade first and remaining 50% hold for long term.
Short
by fxdemy2925
GBPCAD Trading Opportunity! SELL! My dear subscribers, This is my opinion on the GBPCAD next move: The instrument tests an important psychological level 1.7763 Bias - Bearish Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market. Target - 1.7748 About Used Indicators: On the subsequent day, trading above the pivot point is thought to indicate ongoing bullish sentiment, while trading below the pivot point indicates bearish sentiment. ——————————— WISH YOU ALL LUCK
Short
by AnabelSignals
1
Buy GBP/CAD Triangle PatternThe GBP/CAD pair on the M30 timeframe presents a Potential Buying Opportunity due to a recent breakout from a Triangle Pattern. This suggests a shift in momentum towards the upside and a higher likelihood of further advances in the coming hours. Possible Long Trade: Entry: Consider Entering A Long Position Above The Broken Trendline Of The Triangle After Confirmation. Ideally, This Would Be Around 1.7740 Target Levels: 1st Resistance – 1.7794 2nd Resistance – 1.7820 Stop-Loss: To manage risk, place a stop-loss order below 1.7705. This helps limit potential losses if the price falls back unexpectedly. Your likes and comments are incredibly motivating and will encourage me to share more analysis with you. Best Regards, KABHI FOREX TRADING Thank you.
Long
by KABHI_TA_TRADING
7
GBPCAD Short trade idea with high ProbabilityTurtle soup and Smart Money Concept Trading Strategy The Turtle Soup strategy, however, flips the script, aiming to profit when those anticipated trend. Linda Raschke’s Turtle Soup strategy is a counter-trend trading approach that capitalizes on failed breakouts. ENTRY :- SELL -Above opening price (daily) BUY - Below opening price (daily) STOPLOSS :- above or below recent swing High 1st TARGET :- Book profit 50% 2nd TARGET :- Book profit 25% 3rd TARGET :- Book profit 25% Consisitency and hard working is the key of success. KEY OF SUCCESS :- *) Buy below opening price of Daily Candle AND Sell above opening price of Daily Candle. *) Do not take risk more than 1% of Equity. *) Take Profite Should be More then 2% of Equity . *) Book 50% profit of running trade first and remaining 50% hold for long term.
Short
by fxdemy2925