CADGBP trade ideas
GBPCAD BUYCould this be the trend continuation for GBPCAD?
Based on higher TF direction and what price action is showing, we could see a possible trend continuation to the upside.
Let's see how this will play out.
Feel free to share your views
Analysis of the GBP/CAD ChartOverview
This chart illustrates the price action of GBP/CAD on a 2-hour timeframe with several key technical levels and concepts identified.
Key Concepts
1. Optimal Trade Entry (OTE)
- Bearish OTE Previously, price retraced into a bearish OTE level and reacted as anticipated, leading to a decline.
- Bullish OTE Currently, there is an anticipation of price retracing into a bullish OTE level around 1.72300 , which could act as a support zone for future upward movement.
2. Break of Market Structure (BMS)
- A break of market structure (BMS) is noted, indicating a shift from a bearish to a bullish trend. This often signals potential opportunities for entering long positions.
3. Order Block (OB)
- An order block is identified, where price traced into this zone and reacted with strong momentum higher. This is a bullish indication, as it suggests institutional buying interest at that level.
4. Intermediary Swing Low
- A swing low is marked, providing a reference point for the current bullish trend. This level could act as a support in future price retracements.
Anticipated Price Movement
- Retracement to Bullish OTE The chart anticipates a retracement to the bullish OTE around 1.72300 . This level aligns with previous support and resistance zones and is expected to act as a support level in the coming week.
- Upside Targets Following the retracement, the price is expected to move higher towards the target zone of 1.73500 to 1.73800 . This projection is based on the bullish momentum observed and the reaction at the order block.
Additional Observations
- Range Equilibrium he price action seems to be trading within a defined range, and the equilibrium point is considered for potential mean reversion trades.
- Market Sentiment The overall sentiment appears bullish given the break of market structure, reaction at the order block, and the anticipation of higher price targets.
Conclusion
This GBP/CAD chart analysis suggests a bullish outlook with an expected retracement to the 1.72300 level, followed by a potential move towards higher targets around 1.73500 to 1.73800 . Key technical levels such as the OTE , BMS , and order block support this view, indicating a well-structured trading setup for the upcoming sessions.
GBPCAD potential shortAs prices reach the 1.73543 level, potential short opportunity with confirmation of bearish reversal and continuation patterns will further strengthen the bears momentum.
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.
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GBPCAD SELL | Idea Trading AnalysisThe price has recently reached a strong resistance zone, noting previous sell-offs in that area. It appears that we may see more sideways movement
GBPCAD is near the resistance, where price dropped before.
We expect a bearish move from the confluence zone.
Hello Traders, here is the full analysis.
I think we can soon see more fall from this range! GOOD LUCK! Great SELL opportunity GBPCAD
I still did my best and this is the most likely count for me at the moment.
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Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝
GBPCAD SELL | Idea Trading AnalysisThe price has recently reached a strong resistance zone, noting previous sell-offs in that area. It appears that we may see more sideways movement
GBPCAD is near the resistance, where price dropped before.
We expect a bearish move from the confluence zone.
Hello Traders, here is the full analysis.
I think we can soon see more fall from this range! GOOD LUCK! Great SELL opportunity EURJPY
I still did my best and this is the most likely count for me at the moment.
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Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝
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❤️
GBP/CAD At Very Important Res Area , Short Setup Ready Now !This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
BullishWaiting for price to go I. For a retest of the 30m Demand and with the help of the CPI purge would indeed push in for a buy
Canadian CPI Today, British CPI Tomorrow#GBPCAD EASYMARKETS:GBPCAD
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GBPCAD : Short Trade , 4hHello traders, we want to check the GBPCAD chart. The price has reached the specified resistance level after an upward movement. We expect this level to stop the upward trend of the price and the price will fall to around 1.72400. Good luck.
GBPCAD- A so long target!GBPCAD- A so long target!
-Solid consolidation range.
-Tighty compressed zone.
-Key level and trendline resisstences.
-Demand zone support.
-Chart pattern and candle pattern confirm.
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More free plans on FB: US STOCKS- WALL STREET DREAM
Heading into pullback resistance, could it reverse?GBP/CAD is rising towards the pivot and could potentially reverse to the 1st support.
Pivot: 1.7340
1st Support: 1.7234
1st Resistance: 1.7407
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Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
GBPCAD WEEK ANALYSISHello, traders here is an analysis of GBPCAD next week As you can see the price has been bullish for the past few days and now it is in the resistance zone (green zone) that has been tested multiple times and you can see that the price created an inverted head and shoulders pattern that signals bullish move so now I am going to wait for the price to break the resistance zone then wait for a pullback to the resistance zone then look for bullish opportunities.
GBPCAD IN BEARISH TREND GBPCAD is in bearish trend bearish divergence also conform the trend my trade exicute when it break higher low trade plane mention in chart
GBPCAD SHORTThis is just simple trading idea draw into chart using labels and lines. Please use it as educational purpose and you are free to modify any
Lingrid | GBPCAD trend CONTINUATION opportunity. LONGThe price perfectly fulfills my last idea. It has tanked and reached the target zone, and now the market is ranging after the new upward extension. FX:GBPCAD has broken through the resistance and is moving sideways just below the significant round number of 1.73000. I expect a classic breakout retest continuation scenario to play out. On the daily timeframe, the market is making higher highs and higher lows, indicating strong buy pressure. As the price continues to retest the round number above, I believe it's only a matter of time before we see a strong breakout to the upside. My goal is the resistance zone at 1.73650.
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
✅GBP_CAD MOVE DOWN AHEAD|SHORT🔥
✅GBP_CAD is going up to retest a horizontal resistance of 1.7350
Which makes me locally bearish biased
And I think that we will see a pullback
And a move down from the level
Towards the target below at 1.725
SHORT🔥
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GBP-CAD Massive Resistance Ahead! Sell!
Hello,Traders!
GBP-CAD keeps growing
And the pair will soon
Hit a massive horizontal
Resistance level of 1.7338
From where we will be
Expecting a bearish correction
Sell!
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Check out other forecasts below too!
GBPCAD - Daily chartGBPCAD - now price reach a strong resistance area, so i wish bearish could win bulls. But we have to wait good price action in daily timeflame
GBPCAD DAILY ANALYSIS Hello, traders here is an analysis of GBPCAD next week As you can see the price has been bullish for the past few days and now it is in the resistance zone (green zone) that has been tested multiple times and you can see that the price created an inverted head and shoulders pattern that signals bullish move so now I am going to wait for the price to break the resistance zone then wait for a pullback to the resistance zone then look for bullish opportunities.
