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GBPCAD trade ideas

GBPCAD Will Go Lower From Resistance! Sell! Please, check our technical outlook for GBPCAD. Time Frame: 45m Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is on a crucial zone of supply 1.783. The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 1.780 level. P.S Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all. Like and subscribe and comment my ideas if you enjoy them!
Short
by SignalProvider
1
GBPCAD: Deep Correction After Breaking the Uptrend LineWelcome back! Let me know your thoughts in the comments! ** GBPCAD Analysis ! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support! Welcome back! Let me know your thoughts in the comments!
Short
by OGT_Forex
GBPCAD Sell Opportunity – Rising Wedge BreakdownA bearish setup is developing on GBPCAD, supported by the formation of a Rising Wedge pattern. This technical pattern suggests that bullish momentum is weakening, increasing the likelihood of a downside breakout. Pattern Overview: Price action has been forming higher highs and higher lows within a narrowing range, indicating a loss of bullish strength. Breakout Signal: A confirmed breakdown below the wedge's lower trendline would signal a shift toward bearish momentum and a potential move lower. Entry Strategy: Enter a sell order after a confirmed breakout and retest of the lower trendline as resistance. Stop Loss: Place above the most recent swing high inside the wedge to maintain a favourable risk-reward ratio. Additional Notes: Fundamental events, including economic releases or policy changes impacting GBP and AUD, could act as catalysts for this move. Watch for confirmation signals such as increased volume on the breakdown or bearish candlestick patterns.
Short
by ellienes
1
GBPCAD is ready For a Long BuyHello Traders In This Chart nzdcad HOURLY Forex Forecast By FOREX PLANET today GBPCAD analysis 👆 🟢This Chart includes_ (GBPCAD market update) 🟢What is The Next Opportunity on GBPCAD Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Chart
Long
by ForexMasters2000
1
GBPCAD is ready For a BuyHello Traders In This Chart nzdcad HOURLY Forex Forecast By FOREX PLANET today GBPCAD analysis 👆 🟢This Chart includes_ (GBPCAD market update) 🟢What is The Next Opportunity on GBPCAD Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Chart
Long
by ForexMasters2000
GBPCAD is Brewing a Monster Move – Are You Ready or Getting LeftGBPCAD appears to be following a clear structure with identifiable waves and liquidity points. Based on the long-term projection, the pair seems to be progressing through corrective and impulsive waves, targeting significant levels. The chart suggests the possibility of a broader accumulation phase that leads to a strong move toward liquidity zones before a potential reversal. Breakdown of Key Points: Wave Structure Analysis: The price structure is currently forming a complex corrective wave pattern. The primary corrective wave (WXYXZ) is projected to potentially find support at lower fib retracement zones (e.g., 0.618 or 0.886 levels). Significant Levels: Resistance Zone: At the most recent weak swing high near 1.51943, where liquidity has likely accumulated. Support Zone: The range near 1.16084 and 1.03327, which aligns with strong fib retracement zones and a divergence area. Liquidity Observations: The Sell-Side Liquidity Zone (SSL) near 1.314 marks a key area where traders may have stop-loss clusters, potentially acting as a magnet for price movements. After sweeping these zones, momentum could shift strongly to the upside. Long-Term Target: The structure hints at a long-term push toward 1.5+ levels, but this depends on how price reacts to the liquidity sweep near 1.03327 or 0.71502 (if the deeper retracement unfolds). What to Watch for: Bounce Areas: Pay close attention to fib retracement levels at 1.16084 and below; these are critical potential reversal points. Liquidity Sweep: Watch for a sweep of Sell-Side SSL (1.314) or deeper liquidity grabs to confirm stronger upward momentum. Momentum Shift: Confirmation of bullish momentum through strong breakouts and holds above weak swing highs (like 1.51943). Potential Risk: If price invalidates by breaking below 0.71502, it would signal a deviation from this outlook, potentially continuing into uncharted bearish territory.
Short
by spaceangel
8
GBPCAD Possible Sell The market is currently testing the current Daily area. Based on 4HR TF, the market seems to be forming a possible reversal chart pattern. 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
GBPCAD Near Resistance: Potential Short SetupThe GBPCAD pair is trading at 1.7786, approaching a key resistance level, which provides a potential short setup. Here’s the detailed analysis: Key Resistance Zone: The pair is nearing the resistance zone around 1.7800–1.7820, which aligns with the 50 EMA and 200 EMA acting as dynamic resistance. This level also aligns with previous bearish "3s-Bear" signals, suggesting strong selling pressure historically. Indicators: The Stochastic RSI is approaching overbought territory, indicating the bullish momentum may be losing steam. Price has yet to break convincingly above the resistance, hinting at possible rejection. Trade Setup Options: A. Sell Opportunity: Entry Point: Consider entering a short position around 1.7780–1.7800, after confirmation of rejection (e.g., bearish engulfing candlestick). Stop Loss: Above 1.7830, to allow for volatility. Take Profit: Target 1: 1.7720 (immediate support level). Target 2: 1.7700 (strong support zone). B. Buy Opportunity (If Breakout Occurs): Entry Point: Above 1.7825, after a confirmed breakout with strong volume. Stop Loss: Below 1.7800, to minimize risk. Take Profit: Target 1: 1.7900 (next resistance level). Target 2: 1.7950 (recent swing high). Market Context: GBPCAD is attempting to recover from recent lows, but the resistance zone at 1.7800 is critical for determining the next direction. Watch for geopolitical or oil market news, as the Canadian Dollar is sensitive to oil price movements. Notes: Wait for clear confirmation of rejection or breakout before entering any position. Manage risk carefully, especially if trading near resistance, as price may exhibit volatility.
Short
by fxplusinsights
GBPCAD Will Collapse! SELL! My dear followers, I analysed this chart on GBPCAD and concluded the following: The market is trading on 1.7793 pivot level. Bias - Bearish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation. Target - 1.7661 About Used Indicators: A super-trend indicator is plotted on either above or below the closing price to signal a buy or sell. The indicator changes color, based on whether or not you should be buying. If the super-trend indicator moves below the closing price, the indicator turns green, and it signals an entry point or points to buy. ——————————— WISH YOU ALL LUCK
Short
by AnabelSignals
1
GBPCAD : Trendline Break and Key Levels👋 Welcome to TradeCityPro! In this analysis, I will examine the GBPCAD currency pair from the Forex market. The analysis is conducted on the daily timeframe. 📅 Daily Timeframe: Trendline Break In the daily timeframe, we observe an uptrend that began after breaking the 1.72778 level, accompanied by an ascending trendline, which pushed the price up to the 1.80922 resistance level. 🧲 After reaching this resistance and experiencing a significant divergence in the RSI, a deep correction occurred. This was marked by the break of the ascending trendline and the activation of the divergence trigger, which has brought the price down to approximately the 1.74497 support level. 📐 The RSI has formed a symmetrical triangle, which has broken downward. Following this, it bounced back from the 30 support level and moved up to the 50 level. 📈 If the RSI stabilizes above 50 and the price consolidates above 1.78076, we can anticipate the next upward leg. In the event of breaking the 1.80922 resistance, the next target will be 1.90188. 📉In the bearish scenario, if the price drops to the 1.72778 support level, the bullish momentum will completely dissipate. Should this support level break, the next targets will be 1.67659 and 1.63796. 📝 Final Thoughts This analysis reflects our opinions and is not financial advice. Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
by tradecitypro
1