GBPCAD: More Growth is ComingThe GBPCAD broke through a significant horizontal resistance and closed above it. This sets the stage for a potential uptrend continuation. The next resistance level to watch is at 1.7216.Longby linofx1117
GBP/CAD Potential Bearish ZoneWe can see strong bullish move here and also flag chart pattern formation. Price has reached potential bearish zone 1.71600, so I expect to see move down. I also marked here potential bullish zone 1.70000.Shortby SanShone1116
GBPCAD The Target Is DOWN! SELL! My dear friends, Please, find my technical outlook for GBPCAD below: The instrument tests an important psychological level 1.7108 Bias - Bearish Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market. Target - 1.7092 About Used Indicators: Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price. ——————————— WISH YOU ALL LUCK Shortby AnabelSignals221
GBPCAD - Fibo Retracement Trade (HEDGE)We are looking for the retracement over Fib(0.318) and a continuation starting from Fib(0.136) to the upside. Plan is to risk a total of %1, so that 3x lots and 200 points (20 pips) SL should be equal to the %1 of your account. Direct entry.Longby KaracTradeUpdated 111
GBPCADWe can attempt to short GBPCAD from specified level as 0.618 FIB , LH occur , also there is no bullish divergence. SL , TP mention in chart.Shortby SignalEdge1
BULLISH GBPCADGBPCAD cleared most liquidity to the left, and we have news at 5:30am. Perfectly showing liquidity that needs to be grabbed before continuing. GBPCAD has been bearish i think it may be time to be bullish; however, I think it will happen Tue/Wed. Monday liquidity will be created.Longby pipbeast83
GBPCADLately on GBPCAD price has cleared Buy-Side-Liquidity and formed a market structure shift and distributed to the downside and the market is currently recreating another mss in order for it to distribute even more to the downsideShortby BigBenCapitals4
gbpcad GBPCAD currently on the 12-months' time frame price has swept previous 12months candle high now heading for the lowShortby BigBenCapitals1
GBPCAD BEARISH MOMENTUM CONTINUATIONThe pair GBPCAD seems to continue its Bearish momentum considering the fact that price has bounced low from the neckline and bearish divergence is also seen on the charts. Where as the fundamental of the GBP and Seasonality also suggests a downward move from here. The trade setup is for the sell trade at CMP with risk reward ratio of 1:1. what are your views about this trade ?Shortby NEXTIn_Financials0
GBPCAD IdeaGBPCAD has reversed after reaching a resistance zone and forming a bearish head and shoulders pattern, potentially driving the price further downward towards the targets indicated on the chart. Please note that this is merely a trading idea and not a signal. It could either succeed or fail, so I encourage you to conduct your own research and analysis before making any trading decisions.Shortby Omani774411
SHORT TRADE ON GBPCADprice broke a significant low which means there's a probability of the market making a lower high and from there we can look for shorts. disclaimer: this is not a trading advice, just my own perspective.Shortby korency2
GBPCAD Will Move Lower! Short! Here is our detailed technical review for GBPCAD. Time Frame: 6h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is testing a major horizontal structure 1.708. Taking into consideration the structure & trend analysis, I believe that the market will reach 1.699 level soon. 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 SignalProviderUpdated 112
GBPCAD in the first half of 2024A glimpse of the GBPCAD in the first half of 2024 Stay with me to get more analysis after following me by sharing with friends and leaving a comment. According to my risk and capital management system, the risk of each trade is one percent per position. What do you think about this analysis and other analyses? What symbol would you like me to analyze for you?by HamiratradingUpdated 225
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