GBPCAD trade ideas
GBPCAD is BearishPrice was in an uptrend, however the bulls seem to be exhausted as there is a double top reversal formation with bearish divergence on 4H time frame. If last higher low is broken with volume then we can expect a bearish reversal as per Dow theory. Targets are mentioned on the chart.
GBPCAD, Wait!!!Main Parameters
1. Monthly timeframe - Bullish
2. Weekly timeframe - Bullish
3. Daily timeframe - Bullish
4. Intraday timeframes - Bearish
Other Parameters
5. COT Data - GBP (Net Short with main parameters), CAD (Net Short with main parameters)
Intraday Reason for entry: 1W BOS, 1D Validation Level, 4hr diminution confluence.
Based on all these parameters and having a 55% (Low probability) confluence we are taking a Long position risking not more than 20 Pips, targeting a 1:10+.
CAUTION: This is not a financial advice, always trade with caution considering appropriate risk management.
Sell GBP/CAD after one more high (stop hunting.)GBP/CAD is losing momentum and I believe there might be one more high to take out all the stops before a correction.
Sell : 1.8740 sweep highs one more time
Stop : 1.8800
Profit : 1.8620 before 23.6% Fib retracement
Risk 1 : 2
If the pair hits the target area before entering the trade it will be cancelled but I will update before manually.
GBPCAD 18 Aug 2025Reasons for entering the trade:
1- Break of the latest swing high/low and the Kumo cloud (1H)
2- Price action signals (reduced speed and distance, increased depth) (1H)
3- Confluence of the hypothetical channel top, daily resistance, and 4H resistance
Entry: 1.86609
TP: 1.85768
SL: 1.87166
GBPCAD: Bearish FVG Retracement Setup🔍 Market Context
Strong bullish rally from Aug 12 → Aug 14 created an extended push.
Price broke down after topping out, showing sellers stepping in.
Current price is trading around 1.8686, below the trendline break.
📌 My Sell Idea
I’m waiting for price to retrace back into the bearish FVG around 1.8700–1.8710 before looking for continuation lower.
This makes sense because:
The FVG is still unfilled.
Market momentum has shifted bearish.
The level aligns with structure, making it a clean rejection zone.
✅ Strength of Your Setup
FVG retracement zone above price (1.8700–1.8710).
Momentum shift after strong bearish candles.
Clear downside target around 1.8635 (previous demand/liquidity).
Solid R:R: SL above the FVG, TP at next support.
⚠️ Things to Watch
If price pushes too far above the FVG, the idea weakens. London/NY session volatility may cause a fake-out wick into supply before dropping. If price drops without retrace, don’t chase — wait for the next setup.
🎯 Execution Plan
Sell Entry: 1.8700–1.8710
SL: 1.8720–1.8730 (above supply)
TP1: 1.8660
TP2: 1.8635
👑 Professional Take
This is a clean FVG retracement play. This is a strong, simple play. The key is patience: let the market come to Us. If it doesn’t retrace, I'll simply miss the trade.
GBP-CAD Will Go UP! Buy!
Hello,Traders!
GBP-CAD is trading in an
Uptrend and the pair made
A strong bullish breakout
Of the key horizontal level
Of 1.8696 so we are bullish
Biased and we will be
Expecting a further bullish
Move up on Monday
Buy!
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GBPCAD Is Very Bullish! Buy!
Take a look at our analysis for GBPCAD.
Time Frame: 1h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The price is testing a key support 1.872.
Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 1.877 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.
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GBPCAD - ShortGBPCAD Analysis - SELL 👆
In this Chart GBPCAD H4 Timeframe: By Nii_Billions.
❤️This Chart is for GBPCAD market analysis.
❤️Entry, SL, and Target is based off our Strategy.
This chart analysis uses multiple timeframes to analyze the market and to help see the bigger picture on the charts.
The strategy uses technical and fundamental factors, and market sentiment to predict a BEARISH trend in GBPCAD, with well-defined entry, stop loss, and take profit levels for risk management.
🟢This idea is purely for educational purposes.🟢
❤️Please, support our work with like & comment!❤️
GBPCAD Forming Bullish BreakoutGBP/CAD has just completed a textbook bullish breakout from a descending channel on the 8-hour chart. After repeatedly testing the lower boundary, price has sharply inverted upward—printing a strong bullish impulse with clear structure. The breakout above the channel signals a potential trend reversal, with scope to extend toward the 1.8800–1.8850 area. Price action shows healthy momentum, suggesting continuation is likely in the near term.
On the macro side, the pound is gaining ground amid growing conviction that the Bank of England may delay further cuts. The BoE recently delivered a “hawkish cut,” but with inflation still elevated and labor force pressures remaining, markets have pared expectations for aggressive easing. Conversely, the Canadian dollar is under strain. Canada’s job market weakened sharply in July, with a loss of 40,800 jobs despite a rebound in oil prices. Combined with signs of dovish divergence within the Bank of Canada, the CAD outlook remains soft. This divergence in monetary tone is creating upside tailwinds for GBP/CAD.
Technically, this setup offers a compelling risk-to-reward profile. Traders may consider entries on pullbacks toward the breakout zone, using the channel’s upper boundary (~1.8650) or recent structure as support. Invalidating trades will require a move below the recent lows near 1.8250. With both fundamental and technical convergence, this breakout appears poised to deliver upward continuation if momentum holds.
Overall, GBP/CAD is presenting a strong breakout opportunity. The structure signals a shift in control to the bulls, and the backdrop—hawkish pound, bloated rate cut expectations, weak Canadian data—supports further gains. Watching for clean retests and continuation candlesticks will be key to validating this high-conviction setup.
GBPCAD - Bulls in Control, But Supply Zone Ahead🏹 GBPCAD has been climbing within a steep bullish channel , approaching a key supply zone around 1.8750. As long as the channel holds, buyers remain in control.
However, if price rejects this supply area and breaks below the 1.8670 support, the bears could take over, potentially triggering a deeper correction.
📌Price is now at a decisive point — a breakout above supply could open the door for fresh highs, while a rejection and channel break could mark the start of a bearish phase.
⚖️ Bulls need a clean break above supply for further upside, while bears are eyeing a channel break for a reversal.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Richard Nasr
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
GBPCAD uptrend continuation support at 1.8585The GBPCAD remains in a bullish trend, with recent price action showing signs of a continuation rally within the broader uptrend.
Support Zone: 1.8585 – a key level from previous consolidation. Price is currently testing or approaching this level.
A bullish rebound from 1.8585 would confirm ongoing upside momentum, with potential targets at:
1.8753 – initial resistance
1.8780 – psychological and structural level
1.8820 – extended resistance on the longer-term chart
Bearish Scenario:
A confirmed break and daily close below 1.8585 would weaken the bullish outlook and suggest deeper downside risk toward:
1.8540 – minor support
1.8487 – stronger support and potential demand zone
Outlook:
Bullish bias remains intact while the GBPCAD holds above 1.8585. A sustained break below this level could shift momentum to the downside in the short term.
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