GBPCADbe patient to waiting the confirmation in my idea / analysis base on basic technical, i do prefer SHORT in (2 area) in timeframe H4 , confirm downtrend the area i mark is " IMB " so, lets see guys. DISCLAIMER this is not a signal / recommendation BE SMART save and love your money DYOR !Shortby dorissimUpdated 5
GBPCADGBPCAD is in bearish trend with no RSI divergence at bottom , testing 0.618 fib retracement sell on CMP with risk define previous highsShortby Trade_WithOsama113
GBPCAD SELLPossible Setup. Higher TF is bearish based on price action. Market reacting to fib area + 4HR reversal pattern. Let's see if the sellers are in for the downside Shortby WiLLProsperForexUpdated 223
GBPCADit's Touching its 1h Trend line and in bullish momentum will continue to make higher high higher lows Longby MazharghouriUpdated 0
GBPCAD: Bearish Wave Confirmed?! 🇬🇧🇨🇦 GBPCAD is trading in a long-term bearish trend. After the last bearish wave, we see a correctional movement on a daily. The price reached a key horizontal resistance cluster. After the test of the underlined blue area, the pair started to consolidate on a 4H time frame and then it broke a support line of a rising wedge pattern. It may indicate that the market returns to a global bearish trend. I anticipate a bearish movement at least to 1.7028 ❤️Please, support my work with like, thank you!❤️ Shortby VasilyTrader229
GBP/CAD 4hr Study: Optimal Time for Bearish Trade"GBP/CAD appears to be retracing from the 1.7030 level, and the trend seems to be entirely downward, suggesting further declines. Now is the perfect time to enter a sell position at 1.70688, targeting 1.69464, with a stop loss set above 1.71530.Shortby ClearTradingMind0
GBPCAD In the 4-hour timeframe, GBPCAD exhibits a bullish trend. To maximize entry precision, consider waiting for a retracement of around 50% to a key order block level before buying. This strategy can enhance the probability of capturing favorable price movements within the overall upward trajectory.Longby forex_info2
GBPCAD POSSIBLE BEARISH SETUP SPOTTEDBelow are the confluence factors spotted for a potential bearish swing movement. 1. VOLUME: Strong bearish breakout of the rising trendline on the 19th April 2024. 2. DOUBLE TOP: A retest of previously broken Double top neckline. 3. CANDLESTICK: The formation of bearish pin-bar on Thursday 25th, April 2024. 4. TRENDLINE: Sharp bearish rejection at the retest of broken rising trendline 5. FIBONACCI: Price respected the 68.1% Fibonacci retracement level on the 25th of April 2024 6. MARKET STRUCTURE: Lower-high and Lower-Low spotted which proves downtrend. Shortby ChartsEmpire01665
GBPCAD SHORT STRUCTURE BEARISH ON HTF WEEKLY AND DAILY AT SAME AOI PREVIOUS WEEKLY STRUCTURE POINT WEEKLY REJECTION AT AOI DAILY REJECTION AT AOI DAILY EMA RETEST AROUND PSYCHOLOGICAL LEVEL H4 EMA RETEST PREVIOUS STRUCTURE POINT H4 REJECTION CANDLES REMEMBER: Trading is a Game Of Probability : Manage Your Risk : Be Patient : Every Moment Is Unique : Rinse, Wash, Repeat! : Stay Hydrated #Follow#Share#Comment#BoostShortby mobbie_zwUpdated 3
gbpcad longwelcome here is my gbpcad long idea its based on higher TF bearish , lower TF bullish price trading between 50% fib level of monthly- and 50% fib level weekly candle seems like momentum is shifting to the bullside lets see if we can ride a bullish sequence Longby Romanovic11Updated 4
GBPCAD / BullishGBPCAD chart is printing HH and HL, hence showing a bullish trend EP: 1.71313 SL: 1.70659 TP1: 1.71960 TP2: 1.72610Longby abdulmoeedsiddiqui0
GBPCAD - BUYGBPCAD is in a bullish trend according to DOW Theory making higher highs and higher lows. The trend is also respecting the trendline which furthur validate the uptrend. There is no divergence on RSI as of yet to conclude a trend reversal. Additionally, the next resistance level is around TP1 so we can see a move towards TP1 if it breaks the previous High. After TP1 is hit, move the SL of the second trade to Breakeven so the overall trade is in profit if the trend reverses.Longby oyekhattak221
GBPCAD LONG IDEAGood Day everyone, here is an idea for a Long opportunity! Price has reach EMA and we will expect the price will continue going up. Long now for a good 1 to 2 RR. April 0 JAN (6R) FEB (1R) March (-7)Longby johnkanglim90Updated 110
Could GBP/CAD reverse from here?Price is rising towards a resistance level which has been identified as a pullback resistance that aligns with the 61.8% Fibonacci retracement and could reverse from this level to our take profit. Entry: 1.71052 Why we like it: There is a pullback resistance level which aligns with the 61.8% Fibonacci retracement. Stop loss: 1.71720 Why we like it: There is a pullback resistance level Take profit: 1.70212 Why we like it: There is a pullback support level Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.Shortby VantageMarkets4
GBPCAD SELL IDEATRADE Idea on GBPCAD. This is after a battle between bulls and bears.Shortby Phathe100
GBPCAD - Bearish market structure ✅Hello traders! ‼️ This is my perspective on GBPCAD. Technical analysis: Here we are in a bearish market structure from daily timeframe perspective, so I look for a short. I expect price to continue the retracement to fulfill the imbalance higher and then to reject from trendline + institutional big figure 1.71000. Like, comment and subscribe to be in touch with my content!Shortby Snick3rSD10
GBPCAD Will Go Down! Sell! Please, check our technical outlook for GBPCAD. Time Frame: 1h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a significant resistance area 1.701. 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 1.696 level. P.S The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce. Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news. Like and subscribe and comment my ideas if you enjoy them!Shortby SignalProvider114
GBPCAD Sell the spikeThe GBPCAD pair gave us a solid short-term sell signal last time (January 29, see chart below): At the moment it is declining within a Channel Down pattern which emerged after the 6th rejection on the Resistance Zone. Having broken below both the 1D MA200 (orange trend-line) and 1D MA50 (blue trend-line), we are expecting a short-term rebound to price the new Lower High and fail on the 1D MA50 test as a Resistance. There is a strong Support confluence below, the 0.618 Fibonacci retracement level and Support 1 (1.67685), our Target is at 1.6700, marginally below those on the dashed Higher Lows trend-line, always above the 1W MA100 (red trend-line). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇by TradingShot7
GBP/CAD BULLS ARE GAINING STRENGTH|LONG Hello,Friends! GBP/CAD pair is in the downtrend because previous week’s candle is red, while the price is evidently falling on the 6H timeframe. And after the retest of the support line below I believe we will see a move up towards the target above at 1.707 because the pair oversold due to its proximity to the lower BB band and a bullish correction is likely. ✅LIKE AND COMMENT MY IDEAS✅Longby EliteTradingSignalsUpdated 222
GBPCAD may move downwardsGBPCAD is in a downtrend in a 1-hour timeframe. It has now touched the trendline for the third time. If it respects it, it could possibly move down to the last lower low at around 1.69080 or beyond. Let's keep an eye on it and see how it goes.Shortby John_Mwaniki1
Short Opportunity on GBPCADPrice action showing weakness in the area. Short opportunity in play. Let's see where it goes.Shortby ContrarianTrades0
GBP/CAD potential bearish dropPrice is rising towards the resistance level which is a pullback resistance that aligns with the 38.2% Fibonacci retracement and could reverse from this level to our take profit. Entry: 1.70212 Why we like it: There is a pullback resistance level which aligns with the 38.2% Fibonacci retracement. Stop loss: 1.71034 Why we like it: There is a pullback resistance which aligns with the 61.8% Fibonacci retracement. Take profit: 1.69000 Why we like it: There is a pullback support Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.Shortby VantageMarkets5
CBPCAD is ready for a profitable sell positionHi there, GBPCAD is reaching to top line of descending long term channel (weekly time). So we could enter to a sell position on resistance level. We show you the entry point and TP and SL on chart, but you could remain on sell until less princes that we will update later. Please write your opinion below. Be successesShortby takeprofitwithusUpdated 1