Short ideas for GBPCADA sweep of liquidity and a structural break and price has formed a structural liquidity and all we have to do is wait for price to come to our POI range
GBPCAD trade ideas
GBPCAD LongPrice Action Trading
Daily Bias Bullish
Price consolidation at Daily support level for a few days. Finally broken through the consolidation area and pushed higher.
With Fundamental CAD getting weaker stronger than GBP.
Long setup ideal at broken resistance at consolidation level, targeting Daily Swing High R:R 1:3 with SL below the Consolidation Support Level.
GBPCAD - Rectangular box RetestAfter a series pf LH and LL the pair showed some sign of bullishness. The price finally break through downward trending line and started to move in sideways movement indicating accumlation was in progress. Price brek through the sideways movement and the pair printed a HH. Currently the pair has come to restest the accumlation area before starting its trend.
GBPCAD My Opinion! BUY!
My dear followers,
This is my opinion on the GBPCAD next move:
The asset is approaching an important pivot point 1.7288
Bias - Bullish
Safe Stop Loss - 1.7240
Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market.
Goal - 1.7359
About Used Indicators:
For more efficient signals, super-trend is used in combination with other indicators like Pivot Points.
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WISH YOU ALL LUCK
GBP/CAD Broke The Res , Long Setup Valid After D Closure !This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
GBPCAD BUYInitiated a buy trade for GBPCAD targeting the 1.73879 level. Upon zooming out, it's evident that the overall trend for GBPCAD remains bullish, supporting the likelihood of this target being reached. My analysis, based on a unique strategy I’ve developed, also points to 1.73879 as a significant area of interest.
This trade strategy involves a long-term outlook. Historically, similar trades have achieved their targets within a 7 to 14-day period, although it can sometimes take up to a couple of months. If the price continues to drop, I plan to incrementally buy more, employing minimal leverage to manage risk.
I prefer to play the long game, focusing on sustained trends and gradual gains rather than short-term fluctuations. This approach allows for a more stable growth trajectory, even if the market experiences temporary dips.
Does your strategy point toward this target?
GBP/CAD Begins Bullish Trend with Indicator ConfirmationGBP/CAD has started a bullish trend, confirmed by the break of the CHoCH line and a buy signal from the Half Trend Indicator. This bullish movement follows a two-week bearish trend. Let's observe how the market progresses.
GBPCAD | BUY Hi traders, we have a sell opportunity that will present itself at a later stage but for now we will see this deep pull back, Im hoping right into the imbalanced area.
I personally prefer trading with the trend most the time, but if there are no opportunities, I would consider this with a good RR
GBP/CAD Technical analysis for 1st July 2024
GBP/CAD has shown a strong bearish move.Support Levels Broken: The pair has broken through support at 1.7420 and 1.7350, which are now acting as resistance.Resistance Levels: Monitor 1.7420 and 1.7350 for potential bearish setups.Sell Setup: Look for bearish reversal patterns around 1.7420 or 1.7350.Target: If a sell setup is confirmed, aim for 1.7195.
GBP/CAD BUYERS WILL DOMINATE THE MARKET|LONG
Hello,Friends!
We are going long on the GBP/CAD with the target of 1.754 level, because the pair is oversold and will soon hit the support line below. We deduced the oversold condition from the price being near to the lower BB band. However, we should use low risk here because the 1W TF is red and gives us a counter-signal.
✅LIKE AND COMMENT MY IDEAS✅
STRONG RESISTANCE (SHORT TERM TRADE)MORNING TRADERS, We see that GBPCAD has been ranging so now what happens to our resistance zone, let see what patterns we going to have, remember the rules of patterns(neckline must be broken for the patterns to be valid)
NB: NO REVERSALS NO ENTRY
GBP/CAD ShortGBP/CAD Short
Minimum entry requirements:
• Tap into area of value.
• 1H impulse down below area of interest.
• If 3 touch 5 min continuation or 2 touch 5 min continuation with 3 touch structural approach, reduced risk entry on the break of it.
• If 3 touch 15 min continuation or 2 touch 15 min continuation with 3 touch structural approach, 5 min risk entry within it, or reduced risk entry on the break of it.
GBPCAD - Bracketing Channels for BreakoutsAlthough I'm not a traditional channel trader, my eyes light up when I see one. Why? because I know that in the near future the market is going to give me an opportunity to trade & in most circumstances, present a clear clue of what it's likely to do.
In this video we're taking a look at the GBPCAD & a recent tight consolidation channel.
I'll show you what I need to see in order to have a trading opportunity & where I'm looking for price to go next if that signal occurs.
Questions, Comments & Ideas - Please leave them below & I wish you guys a great start to your trading week!
- Akil
GbpcadGbpcad change direction from uptrend to a down trend it broke the support and playing around de zone so we are expecting the market to sell
Why I' selling GBPCADHello!!! traders I hope you're doing well this is a technical analysis trade. We will be using Top Down analysis for this trade
We can clearly see a head and shoulders on 4H which is a sign of a reversal pattern
When we take it down to 2H we can see a range which is a sign of continuation in this context because we came from a downtrend
This could be TP1 and TP2
GBP-CAD Will Fall! Sell!
Hello,Traders!
GBP-CAD is consolidating
Beneath the horizontal
Resistance level of 1.7350
And we are locally bearish
Biased so we will be
Expecting a local move down
Sell!
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Check out other forecasts below too!
how i took 3 break-evens on a GBP/CADBasically just showing an update for the GBP/CAD analysis i shared and how the trade payed out leading to 3 break-even trades and last final entry i took and currently holding ......
GBP/CAD Gbp/Cad Is Now At A Current Zone Where We Have A Bullish Divergence On The 4Hour Rsi And Is At A Strong Support Level. I Am Waiting For A Break To The Upside At 1.73395 And The A Pullback
to Execute An Entry To Hold Until Around 1.75852 / 245 pips. Strong Week Of News Including The Uk Election So Trade With Caution.
Short then LongThe Bank of England is reporting lower inflation and is now sitting at 2% whilst Canada's inflation is still rising. Over the medium to long term, the GBP will outperform the CAD. For now expect a retracement before continuing the uptrend.
GBPCAD → Trend Change. The fall may continue to 1.710OANDA:GBPCAD breaks the uptrend, a bearish rally is forming and the price is testing local support. A break of the liquidity area will renew the sell-off against a weaker GBP and a rising CAD.
Pound sterling is moving from accumulation to realization and downward distribution on the background of expectations that the UK central bank will start an earlier interest rate cut relative to the US Fed. The Canadian, on the contrary, is growing on the background of monetary policy tightening in the country.
The resistance at 1.7336 plays a key role for the currency pair at the moment. A false breakdown (touching the SMA) is possible before the subsequent price drop, a breakdown of 1.7297 will strengthen the sell-off.
Resistance levels: 1.7336, 1.7387, 1.7415.
Support levels: 1.7297, 1.7228
I expect consolidation in the local range, which may turn into a phase of further decline. Key liquidity zones are 1.7228 - 1.7085.
Regards R. Linda!
Trade Signal for GBPCADDear Traders,
We have identified a promising trading opportunity for the GBPCAD currency pair with clear entry and exit points. Here are the details of the trade setup:
- Direction: Buy
- Enter Price: 1.7313
- Take Profit: 1.73449667
- Stop Loss: 1.72725667
Our decision to suggest a Buy direction is based on thorough analysis using the EASY Quantum Ai strategy. This strategy incorporates multiple technical indicators and data points to increase the accuracy of our trading signals. Here are the key factors influencing this decision:
1. Uptrend Confirmation: Our technical analysis reveals a strong bullish trend on the GBPCAD pair. The pair has been consistently forming higher highs and higher lows, indicating a sustained upward momentum.
2. Support Level: The suggested Stop Loss at 1.72725667 is strategically placed below a significant support level, which has been tested multiple times in the past and has held firm, minimizing the risk of a downside break.
3. Resistance Test: The Take Profit target at 1.73449667 is positioned just below a major resistance level, providing a reasonable and likely attainable profit margin while avoiding overextending the anticipated bullish move.
4. Momentum Indicators: Key momentum indicators, such as the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD), support a continued upward move, confirming the BUY signal generated by EASY Quantum Ai.
We recommend entering this trade with confidence, adhering strictly to the suggested entry, take profit, and stop loss levels to manage risk effectively.
Best regards,
Bearish drop?GBP/CAD is rising towards the pivot and could reverse from this level to the 1st support.
Pivot: 1.73441
1st Support: 1.72280
1st Resistance: 1.74045
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Disclaimer:
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GBPCAD sell scalpThe pair is bullish, but we are in a pullback. RISKY short. Likely to playout during from London session.
