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GBPCAD trade ideas

GBPCAD📉 Short Setup Analysis – Be Patient, Strong Resistance Ahead ✅ Recommendation: Watch the price action carefully and wait for confirmation before entering. Key Resistance Zone: 1.86726 – 1.86927 This zone has shown strong resistance in the past and is likely to act as a barrier again. 1.Wait for a Pullback: Let the price retrace back into the resistance zone. 2.Look for Confirmation: Candlestick signals (e.g. bearish engulfing, pin bar, rejection wicks) RSI overbought or bearish divergence Decreasing volume or momentum near resistance 3.Enter Short (if confirmed): Only enter after confirmation. Place your stop-loss above the resistance zone. Set take-profit near the next support level or a previous swing low. ⚠️This is a technical setup – not financial advice. Always manage your risk and make your own decision. Final call is yours.
Short
by Temku
GBPCAD Trade Idea – Risking 1% for Potential 5% Gain 13/8/2025I trade with a fixed 1:5 risk–reward ratio, focusing on setups that offer asymmetric profit potential. My approach emphasizes precise entries, strict risk management, and the patience to let trades reach their full potential. This method allows me to risk small while aiming for meaningful gains, keeping my results consistent and sustainable over time. Trading, for me, is as much about mindset as it is about method — staying calm, following the plan, and letting probabilities work in my favor. Disclaimer: This is purely an idea shared for educational purposes. I take no responsibility for any financial decisions you make. Please assess it carefully and adapt it to your own trading plan before acting.
by Mr1-5
GBPCAD – Buy Trade UpdateI’m still holding my GBPCAD buy from earlier and now trailing my stop-loss to lock in profits. The trend is still moving up with strong momentum. GBP is staying firm thanks to solid UK data and the Bank of England’s tougher tone. On the other side, CAD is under pressure 😬 — Trump’s new tariffs are hurting Canada’s trade outlook, and softer oil prices plus a cautious Bank of Canada aren’t helping. I’m watching the next big resistance . If price slows down or shows signs of turning, I might take some profit. For now, I’m letting the trade run 🚀 while keeping my stops tight to protect gains.
Long
by Wainainarobert
GBPCAD Will Go Down From Resistance! Sell! Take a look at our analysis for GBPCAD. Time Frame: 1D Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a key horizontal level 1.850. Considering the today's price action, probabilities will be high to see a movement to 1.836. P.S We determine oversold/overbought condition with RSI indicator. When it drops below 30 - the market is considered to be oversold. When it bounces above 70 - the market is considered to be overbought. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. Like and subscribe and comment my ideas if you enjoy them!
Short
by SignalProvider
1
GBPCAD – Resistance Test After Ascending Triangle BreakdownGBPCAD recently broke down from an ascending triangle pattern, with price now retesting the resistance area near 1.8500. Key Resistance: 1.8700 – 1.8500 First Target: 1.8000 (strong low) Second Target: 1.7800 (demand zone) Support Level: ~1.7200 Structure shows multiple tops and a weakening bullish trendline, indicating sellers may remain active below resistance. A confirmed rejection could lead to a move toward the demand zone. Chart highlights: Ascending triangle breakdown Bearish retest at resistance Two-step target projection based on structure This analysis is for educational purposes only and not financial advice
Short
by ProfitMagnet-Pro
10
GBPCAD: Could we see price continue to the downside?Price on GBPCAD looks quite interesting at the moment, this latest moves continues the narrative of a downtrend. As it is following a downtrend, each touch has served as a catalyst for a directional move. The most recent interaction is particularly interesting, because it's hovering here for some time now, and this could be a clue that we can use. What may follow is subtle but telling: compression at trendline, low-volume candles suggesting exhaustion, all aligning for more potential release downward. My target would be toward 1.8100 where we have a clear support zone. Momentum has respected structure and if this move plays out, I don't think it will be a breakout, but a continuation of a narrative that’s already been happening. This is what makes the setup so compelling. It’s not new, it’s the a "story being told". Though a scenario for more upside is possible and can happen just as much. Still, I would take the side for more downside taken into account all above.
Short
by TrendDiva
33
GBPCAD Technical & Order Flow AnalysisOur analysis is based on a multi-timeframe top-down approach and fundamental analysis. Based on our assessment, the price is expected to return to the monthly level. DISCLAIMER: This analysis may change at any time without notice and is solely intended to assist traders in making independent investment decisions. Please note that this is a prediction, and I have no obligation to act on it, nor should you. Please support our analysis with a boost or comment!
Long
by Derry_Trades
1