GBPCAD: Trend in daily time framePlease pay special attention to the very accurate trend, colored levels, and accurate channel. Be careful BEST MTby MT_T2
Analysis of GBPCAD🚨 Trade Alert: GBPCAD Double Top & Rising Wedge Reversal Pattern 🚨 We have identified a strong bearish setup in GBPCAD, marked by the following patterns: Double Top Pattern 🔃 Rising Wedge Reversal Pattern 🔼📉 Entry Point: We'll wait for the breakout of the neckline of the Double Top. A sell stop order has been placed at the breakout point of the Double Top. Target Prices (TP): TP 1: 📊 TP 2: 📊 Stop Loss (SL): 1.74227 Place your stop loss above the nearest significant resistance or recent swing high to manage risk. Trade Summary: Sell Stop Order: At the breakout of the Double Top neckline TP 1: 1,73536 TP 2: 1.73187 SL: Above the nearest significant resistance or recent swing high Technical Indicators: The completion of the Rising Wedge Reversal Pattern adds to the bearish sentiment, confirming the likelihood of a downward move. Trade Type: Short Swing 📉 Good Luck! 🍀 Stay informed and trade smart! 📊Shortby Earn_withHassaan3
GBP/CAD Potential ShortHi Traders. 1. HTF Ascending Channel 2. STF Ascending Channel 3. Top of Structure / Head n Shoulder Pattern 4. Break out n Bearish Correction What dou you think?Shortby ltdcrack882
GBP/CAD BEARS ARE GAINING STRENGTH|SHORT Hello,Friends! GBP/CAD pair is in the uptrend because previous week’s candle is green, while the price is obviously rising on the 9H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 1.721 because the pair overbought due to its proximity to the upper BB band and a bearish correction is likely. ✅LIKE AND COMMENT MY IDEAS✅Shortby EliteTradingSignalsUpdated 115
GBP CAD - Short Set up - 1H TFGBP CAD forming a bearish divergence on 1H TF. looking for reversal pattern to short. Looks like forming a double top. Will trigger my sell stop after break of neckline. Entry, SL & TP mentioned in chart. Good LuckShortby BullBearBTC11
GBP-CAD Swing Breakout! Buy! Hello,Traders! GBP-CAD is trading in an Uptrend and the pair Broke the key horizontal Level of 1.7316 and the Breakout is confirmed So we are bullish biased And I think that we will See a further move up Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!Longby TopTradingSignals112
Potential Bullish continuationOur plan for the GBPCAD. The market seems to be in a 4th wave of a smaller degree, which in my view, she is in a 3rd wave of the next larger degree. Therefore, we're anticipating a triangle correction as the 4th wave and there after, a continuation to the upside in full filling the larger degree movement. Until then, we wait for the break out of the potential upper channel of the triangle and then we're good to fly. Longby Evaristos1
Possible GBPCAD correctionToday we face news from the UK regarding general retail sales which are expected to be slightly negative versus the previous result, including the annual. Market start sentiment has been relatively negative due to concerns of interest rate hike by the FED. The DAX, CAC40,FTSE100 fell at the open by 0.9%,0.6% and 0.9% respectively. Sentiment for the week's close has been rather gloomy, including the Asian close, which has also been dragged down causing the Nikkei to fall 1%. Yesterday the Dow Jones had its worst session in over a year, falling over 600 points following the US Federal Reserve news. As for the European central bank (ECB), it is expected to start cutting interest rates in June, but the UK has experienced such high inflation that it is causing problems for the Bank of England (BoE). As we said, retail sales have fallen by 2.3% on a monthly basis and the weather has prevented the textile sector from performing normally at this time of year. In the afternoon, Canadian retail sales will be reported and the United States will close the afternoon with data on sales of durable materials, aerospace, defense and transportation products, closing with the expectations of the Michigan FED and consumer sentiment and inflation closing with Baker Hughes reserves data. If we look at the daily chart currently the Sterling vs Loonie cross (GBPCAD), since May 12 it started a bullish breakout, and pierced this Tuesday the highs zone generating currently an attempt to reach highs locating at 1.74379. On the bell aspect we see a monocamp with price control zone (POC) at 1.71630 Canadian dollars per pound sterling. And it has given us a signal on RSI of a possible reversal back to the mean due to it being at 17.13%. We'll see how the news today for a possible sharp correction this week's close. Ion Jauregui - Analista AT ******************************************************************************************* The information provided does not constitute investment research. The material has not been prepared in accordance with the legal requirements designed to promote the independence of investment research and such should be considered a marketing communication. All information has been prepared by ActivTrades ("AT"). The information does not contain a record of AT's prices, or an offer of or solicitation for a transaction in any financial instrument. No representation or warranty is given as to the accuracy or completeness of this information. Any material provided does not have regard to the specific investment objective and financial situation of any person who may receive it. Past performance is not reliable indicator of future performance. AT provides an execution-only service. Consequently, any person acing on the information provided does so at their own risk. Shortby ActivTrades1
GBPCAD LONGMarket Structure Bullish on HTF Weekly and Daily entry AOi in the same area Weekly Rejection at AOi Strong Weekly bullish close Daily Rejection from AOi Previous Daily Structure Point Around Psychological Level 1.72500 H4 Candlestick rejection Rejection from Previous structure SOS 4.73 Entry 105% REMEMBER: Trading is a Game Of Probability : Manage Your Risk : Be Patient : Every Moment Is Unique : Rinse, Wash, Repeat! : Stay Hydrated #Follow#Share#Comment#BoostLongby mobbie_zwUpdated 4
GBPCAD Is Getting Ready For The Next MoveGBPCAD Is Getting Ready For The Next Move The price has been accumulating within a bullish "flag pattern" for the past two weeks. The bullish flag pattern is a bullish continuation pattern created during an uptrend. If the price manages to break out of this pattern, bullish volume should increase further and we could see GBPCAD rise to 1.7350 You may find more details in the chart! Thank you and Good Luck! ❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️Longby KlejdiCuniUpdated 6625
GBPCAD : Short Trade , 4hHello traders, we want to check the GBPCAD chart. The price has reached the specified resistance level after an upward movement. We expect this level to stop the upward trend of the price and the price will fall to around 1.72400. Good luck.Shortby mrAT_Trader4
Lingrid | GBPCAD trend CONTINUATION opportunity. LONGThe price perfectly fulfills my last idea. It has tanked and reached the target zone, and now the market is ranging after the new upward extension. FX:GBPCAD has broken through the resistance and is moving sideways just below the significant round number of 1.73000. I expect a classic breakout retest continuation scenario to play out. On the daily timeframe, the market is making higher highs and higher lows, indicating strong buy pressure. As the price continues to retest the round number above, I believe it's only a matter of time before we see a strong breakout to the upside. My goal is the resistance zone at 1.73650. Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻Longby Lingrid5517
GBPCAD |Short D1 | Market Exec |Technical Confluences for Trade: - Stochastics are in Overbought Conditions on D1 and H1 time-frame. H4 is also entering Overbought Conditions. - Price action is close to last month's Resistance Trendline - Price action is well into a Supply Zone area - Targeting between the 50.0% - 61.8% Fibo retracement Suggested Trade: Entry @ Area of Interest 1.7180 - 1.7270 SL @ 0.1.7348 TP 1 @ 1.7002 (Close Half-Position & move SL to Entry level once TP1 is achieved) TP 2 @ 1.6811 Risk-to-Reward @ Approx. 2.93 (Depending on Entry Level) ________________________________ Boosts 🚀, Follows ✌️, Shares 🙌 & Comments ✍️ are much appreciated! If you have any ideas or charts, do share them in the 'Comments' section below and we can discuss our perspectives to improve or strengthen our strategies. If you want something analyzed, do drop me a DM. :D ________________________________ Disclaimer: The above suggestion is an personal opinion in general and does not constitute as investment advice. Any decisions taken based on the above suggestion is purely your own risks. Any websites / brokers / applications suggested here are also provided as informational purpose only. ________________________________ Shortby weekendanalystUpdated 6
GBPCAD - A Bullish ContinuationGBPCAD is currently moving up making HH and HL. Sign of retracement are observed with no divergence. Price can move up to a defined projection giving a good opportunity to buy on breaking highs.Longby AnalytixEdgeByQasimUpdated 2
GBPCAD- A so long target!GBPCAD- A so long target! -Solid consolidation range. -Tighty compressed zone. -Key level and trendline resisstences. -Demand zone support. -Chart pattern and candle pattern confirm. . More free plans on FB: US STOCKS- WALL STREET DREAMLongby phanvinhhai113
GBPCAD BuysBOS and in an uptrend. I see this hitting 1.73374 next week.Longby tallbroketraderUpdated 3
Analysis of the GBP/CAD ChartOverview This chart illustrates the price action of GBP/CAD on a 2-hour timeframe with several key technical levels and concepts identified. Key Concepts 1. Optimal Trade Entry (OTE) - Bearish OTE Previously, price retraced into a bearish OTE level and reacted as anticipated, leading to a decline. - Bullish OTE Currently, there is an anticipation of price retracing into a bullish OTE level around 1.72300 , which could act as a support zone for future upward movement. 2. Break of Market Structure (BMS) - A break of market structure (BMS) is noted, indicating a shift from a bearish to a bullish trend. This often signals potential opportunities for entering long positions. 3. Order Block (OB) - An order block is identified, where price traced into this zone and reacted with strong momentum higher. This is a bullish indication, as it suggests institutional buying interest at that level. 4. Intermediary Swing Low - A swing low is marked, providing a reference point for the current bullish trend. This level could act as a support in future price retracements. Anticipated Price Movement - Retracement to Bullish OTE The chart anticipates a retracement to the bullish OTE around 1.72300 . This level aligns with previous support and resistance zones and is expected to act as a support level in the coming week. - Upside Targets Following the retracement, the price is expected to move higher towards the target zone of 1.73500 to 1.73800 . This projection is based on the bullish momentum observed and the reaction at the order block. Additional Observations - Range Equilibrium he price action seems to be trading within a defined range, and the equilibrium point is considered for potential mean reversion trades. - Market Sentiment The overall sentiment appears bullish given the break of market structure, reaction at the order block, and the anticipation of higher price targets. Conclusion This GBP/CAD chart analysis suggests a bullish outlook with an expected retracement to the 1.72300 level, followed by a potential move towards higher targets around 1.73500 to 1.73800 . Key technical levels such as the OTE , BMS , and order block support this view, indicating a well-structured trading setup for the upcoming sessions.Longby abinvestor24Updated 114
GBPCAD Analysis. Swing trade idea.Hello everyone, i want share my idea bout GBPCAD. If we look at higher timeframe, price action slowly but it's still going higher, last week we saw huge reactions from sellers but buyers still has control at price. My analysis at the moment is price action, if price will brake, 1.718 resistance LVL then we have much stronger resistance at 1.73 and 1.75. I am following price action at high timeframe which is 1W and 1M, if buyers will push much stronger the price it can brake pretty easy al the mentioned resistance.Longby elmakachoUpdated 225
GBPCAD SHORTThis is just simple trading idea draw into chart using labels and lines. Please use it as educational purpose and you are free to modify any Shortby akmalsabran90227
Something big is comingThe Canadian Dollar is loosing steam, for some reason is losing value across the board. Maybe bc oil apparently has peaked and now is turning over. I opened a long position last week on NZD/CAD but I think this pair looks better, EUR/CAD looks good too, even USD/CAD. It could take a few more weeks to break out. Keep adding at every pull back. CAD is the new Yen. SL if price action turns bearish: lower lows. Longby ArturoLUpdated 115
GBP-CAD Will Grow! Buy! Hello,Traders! GBP-CAD is trading in an Uptrend and the pair Broke the key horizontal Level of 1.7236 and the Pair is making a local pullback But after the retest of The new support we will Be expecting a move up As we are bullish biased Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!Longby TopTradingSignals223