British Pound / Canadian Dollar

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British Pound / Canadian Dollar forum




GBPCAD 224 pips buy trade initiated earlier and still running.
158 pips in the bag and i have adjusted my stop.
🏃‍♀️ running

GBPCAD
Trend reversal at the start of the week after last week’s heavy pound drop.
This move will likely continue up to 1.87878 due to the strong momentum. ✅
Snapshot

GBPCAD 🎯 Market Plan (Thief Style)
The Pound vs. Loonie Dollar (GBP/CAD) shows a bullish confirmation supported by:
✅ Triangular Moving Average 382 pullback 📉
✅ Heikin Ashi Doji giving bulls their strength 💪
✅ Institutional riders are spotted loading positions 🚀
This makes the setup a solid “wealth strategy map” for swing/day traders.

🕵️ Thief’s Layered Entry Strategy
Instead of one-shot entries, we thieves spread multiple buy limit orders — the layering method:

🔑 Entry layers: 1.85800 | 1.86000 | 1.86200 | 1.86500
(Feel free to increase your layers depending on your own map 🗺️)

📍 Stop-Loss Zone (Thief SL): 1.85400
⚡ Reminder: This is my thief-style SL. You can always set your own escape route!

🎯 Target Escape Point
👮 Police are waiting near the resistance zone + overbought signals + trap territory.
So the Thief’s Escape Target = 1.88500.
⚡ Reminder: This is my thief-style TP. Always manage your own loot (profits).
Snapshot



GBPCAD 📊 Technical Analysis: The Setup 🕵️‍♂️
Bullish Confirmation: The Heikin Ashi Doji has spoken, signaling a trend reversal. The price pulled back to the Ichimoku Kijun-Sen line, forming a textbook double bottom retest. The bulls are ready to charge! 🐂
Breakout Zone: A clean breakout above the recent consolidation confirms our bullish bias. Time to plan the heist! 💰

🦹‍♂️ The "Thief" Strategy: Layered Limit Order Heist
This isn’t your average trade — it’s a multi-layered caper! We’re stacking buy limit orders to maximize entries while keeping risk tight. Here’s how to execute:
Entry Levels:
🎯 1.86250
🎯 1.86500
🎯 1.86750
🎯 1.87000
🎯 1.87250
Pro Tip: Add more layers if you’re feeling extra sneaky, but size your positions wisely!
How It Works: Place buy limit orders at these levels to catch pullbacks in the bullish trend. This layering strategy spreads your entries for better cost averaging and higher reward potential. 🤑

🛑 Stop Loss: Protect Your Loot!
Thief SL: Set at 1.85500, just below the breakout level to guard against fakeouts.
Risk Management: Dear Ladies & Gentlemen (Thief OGs), adjust your stop loss based on your risk tolerance and strategy. Don’t just follow my SL — make it your own! 💪

Note: Trading is a personal heist. Take profits and manage risk at your discretion. I’m just the mapmaker, not the getaway driver! 😜

🎯 Take Profit: Cash Out Before the Cops Arrive!
Target: Aim for 1.90500, where we expect a strong resistance zone + overbought conditions + a potential trap. Grab your profits before the market pulls a fast one! 🚨
Escape Plan: Don’t get greedy, Thief OGs! Set your TP based on your risk-reward ratio. If you want to hold longer, trail your stop to lock in gains. 💸

Note: My TP is a suggestion — you decide when to pocket the loot. Trade at your own risk!
Snapshot


GBPCAD Double Top at Major Resistance level wait for price to break the trendline to confirm the uptrend is over.
Snapshot