GBP CADGBP CAD sell idea M formation, trend break broken trend line trendline test I assume after news on CAD, sell GBP CAD entry around 1.70700Shortby teriforexpremium110
GBPCAD sell setupFX:GBPCAD The weekly, 4h and 1h timeframes are bearish giving me a bearish bias. Price broke below 1.70666 4h/1h support area simultaneously breaking bullish structure of the 1h and 4h. I am waiting on a pullback to the 1.70666 area which will now be the resistance area to look for sells on gbpcad Shortby The_Pip_Trader2
GBPCAD 4hr - waiting for price to drop to 1.70561 to go long4hr Trend, strong uptrend RSI(7) - just dipping through the 50 level Looking for bullish confirmation at 1.70561 to go long CAD CPI being released, negative inflation data can weaken the CADby DonatoFXT0011
DeGRAM | GBPCAD false break of the psychological levelGBPCAD is trading in the ascending channel. It created divergence at the resistance level. The market rebounded from the psychological level at 1.71000 and closed below it. Price decelerated while approaching resistance, so most likely it will go down. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!Shortby DeGRAM114
GBPCAD - ShortLooking for short positions, it is a clearly divergence (RSI), as well as if we take now the position it has a good Risk Reward Ratio > 1.5Shortby FITINTRADE0
GBPCAD: TECHNICAL ANALYSIS.Hello traders, Wave 5 is supposed to end at 1.71266-1.71580 zone. Then ABC Correction is supposed to materialise towards the support zone at 1.69870. Thanks.Shortby MASTERPIECE103
Gbpcad bullish structureGbpcad H4 above 1.71057 Making it a new high in the market The structure is very much bullish so am Expecting a Retracement to that level and then we can target highs aboveby omosanti2
GBPCAD - Bullish Double Bottom 📈Hello Traders ! On Wednesday 27 Dec, The GBPCAD Reached a Support Level (1.67077 - 1.67633). The Price Formed a Double Bottom Pattern. Currently, -The Neckline is Broken. So, I Expect a Bullish Move 📈. ----------- TARGET: 1.71100🎯Longby Hsan_BenhmedUpdated 5513
GBPCAD 15/01Pair : GBPCAD ( British Pound / Canada Dollar ) Description : Completed " 12345 " Impulsive Waves and " ABC " Corrective Waves and making its Impulsive Waves. Bullish Channel as an Corrective Pattern in Short Time Frame wait for Rejection or Breakout. Strong Divergence in RSIby ForexDetective2
GBPCAD: shortI am looking to get a good short position performance here from a 2hr supply zone!Shortby Trade_ologist0
Buy GBPCAD Triangle PatternFactors Strengthening GBP: Hawkish BoE: Recent hawkish comments from Bank of England (BoE) officials regarding potential interest rate hikes to combat inflation have bolstered the Pound. This has increased its attractiveness compared to the Canadian Dollar. Optimism on UK economy: Despite ongoing Brexit negotiations, positive economic data releases like higher-than-expected GDP growth and retail sales figures paint a picture of a resilient UK economy. This fuels investor confidence in the Pound. Price breaks the Pattern now, its good chance to buy now. Thank you.Longby KABHI_FOREX_TRADINGUpdated 227
GBPCAD This is a special analysis using the SK system, and this is shown in the drawing. After achieving the purchasing goals in this green box, we wait for the drop down to the health correction areas (WCL).Shortby BlueSK92217
GBPCAD - Dow Theory - Trendlines- Bullish Trend - Dow theory (HH's , HL's) - Ascending Trendline - No Divergence - Buy Stop Executed for confirmation of higher high TC - 2Longby ShahzaibNaveed223
GBPCAD Sell Trade Idea , GBPCAD Short trade idea. GBPCAD Sell Trade Idea The major resistance point of 1.71000 has already been tested by the market, and we will now see clear changes in case we find some price rejections over their major point of 1.7100-1.7123. Trade Setup Idea: GBPCAD Selling Zone: 1.7100-1.7123 Stop Loss: 1.71311 Take Profit1: 1.7068 Take Profit2: 1.7050 Take Profit3: 1.7020 Take Profit4: 1.6990 Note: Please follow the money management plan and risk-reward ratio. Must follow the price rejections and price movements of the pound index. Shortby Bloom_Forex_Official114
GBPCAD Bounces Back from Crucial Resistance PointThe market is currently assessing the critical resistance at 1.71000 following a breakout from the channel. Notably, the price has successfully breached both resistance and range zones. Anticipating a test of the support level, and potentially the lower border of the descending channel. A probable scenario involves a descent from the resistance zone due to a lack of bullish momentum, coupled with a prior descent. Additionally, a divergence at this level indicates an impending pullback. 🎯 Targeting the support level at 1.69750. Shortby sridharsilver0
GBPCAD:TECHNICAL ANALYSIS.Hello traders, Wave 4 is supposed to end at 1.71024-1.71463 zone. Then wave 5 is supposed to materialise towards the support zone at 1.67050. Thanks.Shortby MASTERPIECE10112
GBPCADOn the monthly charts we have a bearish trend targeting the monthly low. On the weekly charts we have a bullish correction that has cleared a previous ineffeciency. On the daily we have a change of character indicating a trends reversal. However, on the lower timeframe we have a bullish correction. On the 4 hour we are awaiting a change of character to signify a bearish continuationShortby morrisgitau113
GBPCAD in Reversal ModeAfter printing HH and HL on bullish trend on 1H Time Frame. A significant bearish divergence is visible on the RSI indicating the beginning of a bearish trend. and Head & Shoulder Pattern is also forming on the top. Sell stop should be place under the Neck line and wait for the breakout of the Neck line. Stop loss should be placed on the top at HH. Shortby asadiii114
Long in GBPCADI have strategically entered a long position on the GBPCAD currency pair, driven by the price's recent encounter with a prominent demand zone. This decision is rooted in meticulous market analysis, where I have carefully identified favorable market trends and key indicators signaling the potential for upward price movement. By capitalizing on this opportune moment, I aim to optimize potential gains and navigate the market with precision, leveraging my expertise and proficiency in trading to achieve successful outcomes.Longby JuanHernandez1
GBPCAD Will Go Lower From Resistance! Sell! Here is our detailed technical review for GBPCAD. Time Frame: 9h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a significant resistance area 1.704. Due to the fact that we see a positive bearish reaction from the underlined area, I strongly believe that sellers will manage to push the price all the way down to 1.693 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!Shortby SignalProviderUpdated 112
GBPCAD SELL | Day Trading AnalysisHello Traders, here is the full analysis. Watch strong action at the current levels for SELL . GOOD LUCK! Great SELL opportunity GBPCAD I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝 Patience is the If You Have Any Question, Feel Free To Ask 🤗 Just follow chart with idea and analysis and when you are ready come in THE GROVE | VIP GROUP, earn more and safe, wait for the signal at the right moment and make money with us💰Shortby TheGrove113
GBPCADjust do a basic technical i see this chart still downtrend. and someone say this is uptrend ! so, Do Your Own Analysis guys for me, is a downtrend and prefer to SELL disclaimer Shortby dorissim2