GBPCAD SHORT TRADE AFTER BEARISH ENGULFINGA bearish engulfing candle formed on the 6 hour chart. I will be shorting this pair and targeting previous support.
GBPCAD trade ideas
GBPCAD Cool off to become bullish!There were a series of bearish takeovers last week as the pound was predominantly bullish. It has come to an end as the price reversed and created new structures; I look forward to the price hitting the downside gap and filling it before any BULLISH continuation follows!!
Discipline Over MotivationSuccess in trading doesn't come from motivation—it comes from discipline.
Motivation will get you started, but
discipline will keep you consistent, even on the tough days."
In trading, emotions often try to take control. Fear of missing out, revenge trading, or overconfidence can lead to poor decisions.
Discipline means following your plan no matter how you feel.
Consistency is the bridge between your trading plan and long-term results. Without it, even the best strategies can fail.
How to Stay Disciplined?
Define Your Rules: Have a clear entry, exit, and risk management plan before you trade.
Track Your Performance: Use a journal to review trades—both wins and losses.
Take Breaks: A tired mind leads to impulsive decisions.
Detach from Outcomes: Focus on the process, not on winning every trade.
Remember: The best traders aren't the most motivated—they're the most disciplined.
GBPCAD Short Term Sell IdeaH4 - Bearish trend pattern followed by a pullback
Until the two strong resistance zones hold my short term view remains bearish here.
Could the price reverse from here?GBP/CAD is rising towards the resistance level which is an overlap resistance that aligns with the 38.2% and also slightly below the 50% Fibonacci retracement and could drop from this level to our take profit.
Entry: 1.7737
Why we like it:
There is an overlap resistance level that aligns with the 38.2% Fibonacci retracement.
Stop loss: 1.7866
Why we like it:
There is a pullback resistance level that is slightly below the 61.8% Fibonacci retracement.
Take profit: 1.7493
Why we like it:
There is a pullback support level.
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GBP/CAD SENDS CLEAR BEARISH SIGNALS|SHORT
Hello, Friends!
GBP/CAD pair is trading in a local downtrend which know by looking at the previous 1W candle which is red. On the 4H timeframe the pair is going up. The pair is overbought because the price is close to the upper band of the BB indicator. So we are looking to sell the pair with the upper BB line acting as resistance. The next target is 1.759 area.
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GBPCAD SELL - trade explained in detail Trader Tom, a technical analyst with over 15 years’ experience, explains his trade idea using price action and a top down approach. This is one of many trades so if you would like to see more then please follow us and hit the boost button.
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Trading Idea Update: GBPCAD 4H - Bearish Continuation SetupThe GBPCAD 4-hour chart aligns with our previously identified bearish bias. The market is currently retracing into a Fair Value Gap (FVG) in a premium zone, providing a high-probability area for short entries. Here’s the updated breakdown:
Fair Value Gap (FVG) in Premium Zone
The price has retraced into a Daily Fair Value Gap (FVG), highlighted in red, which aligns with the premium zone of the recent swing.
This zone represents a potential area where smart money could enter short positions after mitigating imbalances.
Bearish Bias
The bearish bias remains intact as the price is approaching an area of interest for a reversal. A rejection from this FVG zone could lead to further downside, targeting liquidity below previous swing lows.
Key Targets
First Target: 1.7520 — This is the nearest significant low that aligns with liquidity resting below.
Second Target: 1.7420 — A deeper liquidity pool where price is expected to gravitate.
Execution Plan
Entry: Look for short positions within the FVG zone (1.7720 - 1.7790) after confirmation through lower time-frame bearish signals (e.g., CHOCH, BMS).
Stop Loss: Place stops above the FVG zone, around 1.7820, to protect against further retracements.
Take Profit:
First Target: 1.7520
Second Target: 1.7420
Extended Target (if momentum continues): Below 1.7300
Confluence for Short Setup
FVG Mitigation: Price is retracing into a clear imbalance in a premium zone.
CHOCH: The bearish structure shift supports the continuation of the downtrend.
Liquidity Targets: Sell-side liquidity exists below the recent lows, acting as magnets for price.
Trend Continuation: The overall market is aligned with the bearish trend on higher time frames.
Summary
The GBPCAD 4-hour chart presents a high-probability bearish setup as price retraces into the FVG zone. A rejection here, supported by lower time-frame confirmations, aligns with the overall bearish trend and provides a favorable risk-to-reward opportunity. Targets are set at 1.7520, 1.7420, and potentially lower.
The Bat finisher So in the last post it was before and now this is after.
Thank you for coming to my ted talk.
GBPCAD short ideaFollowing breakdown from the long standing trend line, most people who have shorted have placed their SLs at the lower low above trendline. Idea is that price will try to claim those SLs and continue downward afterwards.
GBPCAD Falls Into This Week (Trade Plans)The continuous rise seen on GBPCAD over time is mostly due to a dovish BOC, ahead of the BOE on easing.
The BOE has issued various comments into the London session today, adding weakness amongst of inflow/outflow/geopolitical risk factors.
No real longs until 100MA.
#013 DCA GBPCAD SellEarlier on, I took a short position on GBPUSD and TP-ed. GBPCAD and GBPUSD seems to be correlated by their movements and even more so because both of the products contain GBP in it.
Even though in the short term, price seems to be moving upwards, but in the longer term as we can see on the chart (scroll back if you must, on the 15 Minutes Time Frame) price is moving lower and lower with more people buying into dollar strength.
I am expecting the short-term higher high is due to today being a Monday and that London opened first, hence the GBP strength. I could be wrong and price could move further upwards from here but it is ok, I have another sell limit above and could also employ other methods to try to force a breakeven if price does keep moving upwards.
There is still some space before GBPCAD touches the next previous Support level on the 4H Time Frame, so we shall see.
2001SGT 25112024
CADCHF trade still in drawdown but it's ok. we shall see
GBPCAD 4hr ShortGBPCAD
✅ 4hr Short ✅
💰ENTRY: 1.75480
👎STOP LOSS: 1.75752
TP TARGETS
⏰TP1
⏰TP2
⏰TP3
✅ 1. Weekly Time Frame: Price has been breaking bearish and trending below the 10, 50, 200 EMAs.
✅ 2. Daily Time Frame: Price has been breaking bearish and trending below the 10, 50, 200 EMAs.
✅ 3. 4hr Time Frame: Price has made a valid correction into the 10 EMA.
✅ 4. Price has made a Swing high Engulfing candle below the 50ema.
This is a great example of my systematic system.
GBPCAD - Bearish TradePrice is moving in bearish trend with no bullish divergence.
Also, descending channel indicates continuation of bearish trend.
Entry is at breakout of lower low.
If price crosses down lower low, sellers will remain in control.
GBPCAD Long IdeaThere is a trend reversal on GBPCAD and bulish divergence also on RSI. There is an opportunity for Long position.
GBPCAD Possible Short Position BBMA OA ReEntry Zone Zero Loss 4H - 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 Grenn 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
GBP-CAD Swing Long Ahead! Buy!
Hello,Traders!
GBP-CAD is making a strong
Bearish correction and the pair
Is already locally oversold
So after it hits a horizontal
Support level of 1.7300
A bullish rebound is
To be expected
Buy!
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GBPCAD TRADE SETUPWait for retest the entry level and bearish momentum then take a trade for sell otherwise skip this setup
gbpcad Demand we have demand on the 4h, this zone is outside the range and were going to consider a long opportunity. we have the novice area above
GBPCAD supply and trendline breakCANADA COT data shows that canada is showing more bull power than GBP. we will wait for the bullback and rejection of that area. once the rejection closes we take the break of the rejection candle.
GBPCAD-BUY strategy 3 hourly chart GANN SQThe pair has been under a lot of pressure based on latest financial releases, showing rates should remain as is. However, the central bank stance might still be decreasing rates, and technically the pair is very oversold, and in fact that is an understatement.
Strategy BUY @ 1,7485 - 1.7530 and take profit near 1.7717 for now. There is room for further move higher as a note.
