GBP CAD - Short Set up - 1H TFGBP CAD forming a bearish divergence on 1H TF. looking for reversal pattern to short. Looks like forming a double top. Will trigger my sell stop after break of neckline. Entry, SL & TP mentioned in chart. Good LuckShortby BullBearBTC1Updated 2
Analysis of GBPCAD🚨 Trade Alert: GBPCAD Double Top & Rising Wedge Reversal Pattern 🚨 We have identified a strong bearish setup in GBPCAD, marked by the following patterns: Double Top Pattern 🔃 Rising Wedge Reversal Pattern 🔼📉 Entry Point: We'll wait for the breakout of the neckline of the Double Top. A sell stop order has been placed at the breakout point of the Double Top. Target Prices (TP): TP 1: 📊 TP 2: 📊 Stop Loss (SL): 1.74227 Place your stop loss above the nearest significant resistance or recent swing high to manage risk. Trade Summary: Sell Stop Order: At the breakout of the Double Top neckline TP 1: 1,73536 TP 2: 1.73187 SL: Above the nearest significant resistance or recent swing high Technical Indicators: The completion of the Rising Wedge Reversal Pattern adds to the bearish sentiment, confirming the likelihood of a downward move. Trade Type: Short Swing 📉 Good Luck! 🍀 Stay informed and trade smart! 📊Shortby Earn_withHassaan3
GBPCAD: Reversal ExpectedGBPCAD successfully completed the ABCD pattern and now its trading in Potential Reversal Zone PRZ after printing the divergence on RSI. It will potentially break the previous higher low and will fall sharply. We will enter into the trade after the break of higher low. Shortby matifakbar2
GBPCADReady to go up. Let´s see because I dn´t like to much to trade on friday. Risk:reward 1:13 Blessings Good luck. Longby SGsauragestionUpdated 3
Potential Bullish continuationOur plan for the GBPCAD. The market seems to be in a 4th wave of a smaller degree, which in my view, she is in a 3rd wave of the next larger degree. Therefore, we're anticipating a triangle correction as the 4th wave and there after, a continuation to the upside in full filling the larger degree movement. Until then, we wait for the break out of the potential upper channel of the triangle and then we're good to fly. Longby Evaristos2
GBP/CAD Potential ShortHi Traders. 1. HTF Ascending Channel 2. STF Ascending Channel 3. Top of Structure / Head n Shoulder Pattern 4. Break out n Bearish Correction What dou you think?Shortby ltdcrack882
GBPCAD-SELL strategy daily chartThe pair had a nice run higher, and I feel this may come to an end now short-term. Stochastic is high level, and we are above KC and a pullback is likely, if we sum these factors up. Strategy SELL @ 1.7390-1.7445 and taker profit @ 1.7257 for now. SL above 1.7475.Shortby peterbokma4
GBPCAD bearishHello, I believe GBPCAD is heading for lower lows. I see a potential head and shoulder pattern on 4hr. Let’s see if it will break below neck line.Shortby devans18151
GBPCADPrice is currently testing a resistance level and if price should respect this level by not breaking above it then we are likely to see price move downward.Shortby OCBE-FX1
GBP-CAD Will Go UP! Buy! Hello,Traders! GBP-CAD is trading In an uptrend and the pair Is now going down in a Bearish correction towards The horizontal support of 1.7320 But we are bullish biased So after the retest a Bullish rebound is To be expected Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!Longby TopTradingSignals112
Bearish Divergence in GBPCADA bearish divergence is observed in GBPCAD pair in an hourly timeframe. The bearish reversal occurred after the divergence and formed new LLs and LHs. This is potentially a good point for shorting.Shortby wakqas121
GBPCAD TRADE SETUPWait for retest the key level then take a trade for Sell otherwise skip this setupLongby JinnatAlamSumon3
Possible GBPCAD correctionToday we face news from the UK regarding general retail sales which are expected to be slightly negative versus the previous result, including the annual. Market start sentiment has been relatively negative due to concerns of interest rate hike by the FED. The DAX, CAC40,FTSE100 fell at the open by 0.9%,0.6% and 0.9% respectively. Sentiment for the week's close has been rather gloomy, including the Asian close, which has also been dragged down causing the Nikkei to fall 1%. Yesterday the Dow Jones had its worst session in over a year, falling over 600 points following the US Federal Reserve news. As for the European central bank (ECB), it is expected to start cutting interest rates in June, but the UK has experienced such high inflation that it is causing problems for the Bank of England (BoE). As we said, retail sales have fallen by 2.3% on a monthly basis and the weather has prevented the textile sector from performing normally at this time of year. In the afternoon, Canadian retail sales will be reported and the United States will close the afternoon with data on sales of durable materials, aerospace, defense and transportation products, closing with the expectations of the Michigan FED and consumer sentiment and inflation closing with Baker Hughes reserves data. If we look at the daily chart currently the Sterling vs Loonie cross (GBPCAD), since May 12 it started a bullish breakout, and pierced this Tuesday the highs zone generating currently an attempt to reach highs locating at 1.74379. On the bell aspect we see a monocamp with price control zone (POC) at 1.71630 Canadian dollars per pound sterling. And it has given us a signal on RSI of a possible reversal back to the mean due to it being at 17.13%. We'll see how the news today for a possible sharp correction this week's close. Ion Jauregui - Analista AT ******************************************************************************************* The information provided does not constitute investment research. The material has not been prepared in accordance with the legal requirements designed to promote the independence of investment research and such should be considered a marketing communication. All information has been prepared by ActivTrades ("AT"). The information does not contain a record of AT's prices, or an offer of or solicitation for a transaction in any financial instrument. No representation or warranty is given as to the accuracy or completeness of this information. Any material provided does not have regard to the specific investment objective and financial situation of any person who may receive it. Past performance is not reliable indicator of future performance. AT provides an execution-only service. Consequently, any person acing on the information provided does so at their own risk. Shortby ActivTrades1
DeGRAM | GBPCAD decline from the channel boundaryGBPCAD is moving to the upper boundary of the ascending channel. The volatility of the movement has decreased. The price has reached the resistance level. We expect a decline to the 38.2% retracement level. ------------------- Share your opinion in the comments and support the idea with a like. Thanks for your support!Shortby DeGRAM119
GBPCAD Is Getting Ready For The Next MoveGBPCAD Is Getting Ready For The Next Move The price has been accumulating within a bullish "flag pattern" for the past two weeks. The bullish flag pattern is a bullish continuation pattern created during an uptrend. If the price manages to break out of this pattern, bullish volume should increase further and we could see GBPCAD rise to 1.7350 You may find more details in the chart! Thank you and Good Luck! ❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️Longby KlejdiCuniUpdated 6625
GBPCAD - 4hrs ( Buy Trade Target Range 240 PIP ) Pair Name : GBP/CAD 🗨Time Frame : 4hrs Chart / Close ➕Scale Type : Large Scale ------ 🗒 spreading knowledge among us and to clarify the most important points of entry, exit and entry with more than 5 reasons We seek to spread understanding rather than make money ✔️ Key Technical / Direction ( Long ) Type : Mid Term Swing ——————————— Bullish Break 1.72500 Area Reasons - Major Turn level / W - Pattern Break - choch Zone - Fibo Golden - Visible Range Hvn - Day + week high - 3 Quarter + quarter High Bearish Reversal 1.75000 Area Reasons - Major Turn level / M - Year High Area - Fibo 1.27 % - Pattern Target - Ultra High Volume areaLongby GoldenEngineUpdated 79
GBPCAD Close Stop with Huge RRRHi, There is a channel at GBPCAD daily graph and its worth to sell at 1.7430 with 10 pip stops Shortby bruno_iksilUpdated 3
[Signal] Short GBPCAD at POIGBPCAD just hit a weekly bearish FVG and today's bias is a sell, get ready to short this mf and make some $$$$Shortby JrillzFXUpdated 225
GBP-CAD Swing Breakout! Buy! Hello,Traders! GBP-CAD is trading in an Uptrend and the pair Broke the key horizontal Level of 1.7316 and the Breakout is confirmed So we are bullish biased And I think that we will See a further move up Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!Longby TopTradingSignals112
GBPCAD: the next possible moveprice is showing a bearish pressure inside a weekly poi, could this be the time to sell? if so here's our entry setup. there could be a possible fall to 1.72382Shortby JrillzFX4
GBPCAD |Short D1 | Market Exec |Technical Confluences for Trade: - Stochastics are in Overbought Conditions on D1 and H1 time-frame. H4 is also entering Overbought Conditions. - Price action is close to last month's Resistance Trendline - Price action is well into a Supply Zone area - Targeting between the 50.0% - 61.8% Fibo retracement Suggested Trade: Entry @ Area of Interest 1.7180 - 1.7270 SL @ 0.1.7348 TP 1 @ 1.7002 (Close Half-Position & move SL to Entry level once TP1 is achieved) TP 2 @ 1.6811 Risk-to-Reward @ Approx. 2.93 (Depending on Entry Level) ________________________________ Boosts 🚀, Follows ✌️, Shares 🙌 & Comments ✍️ are much appreciated! If you have any ideas or charts, do share them in the 'Comments' section below and we can discuss our perspectives to improve or strengthen our strategies. If you want something analyzed, do drop me a DM. :D ________________________________ Disclaimer: The above suggestion is an personal opinion in general and does not constitute as investment advice. Any decisions taken based on the above suggestion is purely your own risks. Any websites / brokers / applications suggested here are also provided as informational purpose only. ________________________________ Shortby weekendanalystUpdated 6
GBPCAD LONGMarket Structure Bullish on HTF Weekly and Daily entry AOi in the same area Weekly Rejection at AOi Strong Weekly bullish close Daily Rejection from AOi Previous Daily Structure Point Around Psychological Level 1.72500 H4 Candlestick rejection Rejection from Previous structure SOS 4.73 Entry 105% REMEMBER: Trading is a Game Of Probability : Manage Your Risk : Be Patient : Every Moment Is Unique : Rinse, Wash, Repeat! : Stay Hydrated #Follow#Share#Comment#BoostLongby mobbie_zwUpdated 4