GBPCAD: Long Signal Explained GBPCAD - Classic bullish formation - Our team expects growth SUGGESTED TRADE: Swing Trade Buy GBPCAD Entry Level - 1.7925 Sl - 1.7881 Tp - 1.7997 Our Risk - 1% Start protection of your profits from lower levels ❤️ Please, support our work with like & comment! ❤️ Longby UnitedSignals112
Surviving Drawdown: The Battle Between You and the MarketThe Battle Between You and the Market Every trader, no matter how seasoned, eventually encounters the nemesis of every strategy: drawdown. It’s that dreaded phase where the market isn’t quite ready to move in the direction of your bias, and your account balance starts to bleed. The key to surviving drawdown isn’t just about protecting your capital—it’s about protecting your mind. The mental toll of seeing your carefully plotted trades go red can lead to fatigue, impulsivity, and, in some cases, abandonment of your well-thought-out plan. But here’s the reality: drawdowns are part of the game. The market doesn’t move on your schedule, and it certainly doesn’t care about your bills, goals, or aspirations. Harsh, but true. In the world of trading, few experiences are as daunting as facing a drawdown. This period, where the market refuses to move in the direction of your bias, can feel like an endless slog through thick mud. It's during these times that trader fatigue sets in, and the mental strain can become overwhelming. But surviving a drawdown isn’t just about weathering the storm; it’s about maintaining focus, sticking to your plan, and emerging stronger on the other side. Understanding Drawdown: A Necessary Evil Drawdowns are an inevitable part of trading, a reality that every trader must confront. They occur when your account equity declines from its peak, often resulting from a series of losing trades. This is not a reflection of your skills or judgment; rather, it’s a natural fluctuation in the market. Accepting this fact is crucial for maintaining a balanced mindset. It’s easy to get caught up in the emotional turmoil that accompanies a drawdown. You might start questioning your strategy, second-guessing your decisions, or even feeling a deep sense of fatigue that clouds your judgment. Recognizing that drawdowns are temporary and often necessary for long-term success is the first step towards mental fortitude. The Weight of Trader Fatigue Trader fatigue is real, and it can manifest in various forms: diminished focus, irritability, and an overall lack of clarity in decision-making. As the drawdown drags on, it’s common to feel like you’re fighting an uphill battle, grappling with both the market and your own psyche. The key to overcoming this fatigue is to remain steadfast in your commitment to your trading plan. Embrace the discipline that brought you to trading in the first place. Remember, every successful trader has weathered their share of drawdowns. It’s not about the setbacks; it’s how you respond to them that defines your journey. Stick to the Plan: The Importance of Discipline When faced with a drawdown, the temptation to abandon your trading plan can be strong. You might be lured into making impulsive trades or deviating from your established strategy in an attempt to “make back” your losses. This is a perilous path. Instead, focus on the process. A well-defined trading plan serves as your guiding compass, ensuring that you stay on course, even when the waters are choppy. Utilizing Alerts: The Power of TradingView One of the most effective tools in your trading arsenal is the alert feature available on platforms like TradingView. Set alerts for key price levels or indicators that align with your trading strategy. This simple act allows you to step away from the charts, minimizing stress and providing the mental space you need to reset. By using alerts, you can disengage from the constant fluctuations of the market without losing touch with your strategy. Instead of staring at the screen, waiting for the market to conform to your bias, you can live your life—confident that you’ll be notified when it’s time to reassess your position. Embrace Patience and Mindfulness During a drawdown, patience is not just a virtue; it’s a necessity. The market operates on its own timetable, and as traders, we must learn to respect that. Implement mindfulness techniques to cultivate a sense of calm and clarity. Engage in practices like meditation, deep breathing, or even short walks to recharge your mental energy. This approach allows you to view the market from a fresh perspective, reducing the noise of frustration and fatigue. Cultivating a mindset of patience will enable you to remain focused on your long-term goals rather than being derailed by short-term setbacks. Keeping Perspective: The Long Game Finally, keep in mind that trading is a marathon, not a sprint. Drawdowns, while difficult, are often precursors to periods of growth and profitability. By maintaining perspective, you can navigate these challenging times with resilience. Celebrate your wins, no matter how small, and remember that every setback brings with it valuable lessons. Surviving a drawdown is an essential part of the trader's journey. Embrace the process, stay disciplined, and utilize the tools at your disposal—like TradingView alerts—to ease the mental burden. By maintaining focus and perspective, you can emerge from the drawdown not just intact, but stronger and more equipped for future challenges. Remember, in the world of trading, persistence pays off. The key to success lies in how you respond to the inevitable ups and downs. Stay the course, and the markets will eventually align with your bias once more.Education08:44by TLTurnerTV5
GBPCAD - 4hrs ( Sell Trade target Range 160 PIP )🟢 Pair Name : GBP/CAD Time Frame : 4hrs Chart / Close Scale Type : Large Scale ------ spreading knowledge among us and to clarify the most importan+t points of entry, exit and entry with more than 5 reasons We seek to spread understanding rather than make money 🟢 Key Technical / Direction ( Short ) Break Out Done Type : Mid Term Swing ——————————— Bearish Break 1.79350 Area Reasons - Major Turn level - Inner Choch - Day low - inner Fibo Golden - Visible Range Hvn Bullish Reversal 1.77400 area reasons - Major Turn level - visible Range Lvn / Value - Monthly Area - Fibo Golden - Choch ZoneShortby GoldenEngine33
GBPCADGBPCAD is showing reversal at Important zone with divergence in RSI , it break its last LH with trendline SELL at 1.7685 with risk define below highs Shortby Trade_WithOsamaUpdated 115
GBPCADCurrently on GBPCAD on the weekly timeframe price has just taken out the week 4 highs of September and closed below them, now price came back to retest the CSD before completely distributing to the downside to take out the external range liquidity below those lows. Shortby BigBenCapitals227
GBPCAD | SELL Hi traders here is an idea for; - GBPCAD Opportunity Looking for: SellShortby ELCapitalFX4
GBPCADCurrently on GBPCAD on the weekly timeframe price has just taken out the week 4 highs of September and closed below them, now price came back to retest the CSD before completely distributing to the downside to take out the external range liquidity below those lows. Shortby BigBenCapitals4
GBPCAD bearish at the major resistance zone expecting to sellsell once arrive at the major price ranges target selling at -100pips -78pips -48pips the stop lose is at 36pips to the zone above Shortby Forexnation237114
GBPCAD going up for atleast 150pipsIf you're expecting the GBPCAD currency pair to go up by 150 pips within a week, here's how to interpret that potential movement: 1. 150 Pips Bullish Movement A 150-pip increase suggests a significant strengthening of the British Pound (GBP) relative to the Canadian Dollar (CAD). For example: If the current price of GBPCAD is 1.7000, a 150-pip rise would push the pair to 1.7150. 2. Timeframe: One Week A one-week horizon means you're likely expecting some key fundamental or technical catalysts within that period to drive the price upward. Here’s what to consider: Potential Catalysts for Bullish Movement Economic Data: UK Data: Positive UK economic indicators (e.g., GDP growth, inflation data, or employment reports) could support GBP appreciation. Canadian Data: Conversely, weaker Canadian data (e.g., low GDP growth or a drop in employment) could lead to CAD weakness, helping drive GBPCAD higher.Longby LORDOFTHETRADERSUpdated 4
GBPCAD Sell signal at the top of the Channel Up.The GBPCAD pair has been trading within a Channel Up for more than 1 year (since September 28 2023) and since September 30 2024 has been on Lower Highs. The last time we saw such a trend-line as on the April 16 2024 Lower High, after which a strong short-term rejection took place. We expect a similar selling sequence to take place that should be contained however above the 1D MA200 (orange trend-line). Our Target is 1.77000 (Support 1). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇Shortby TradingShot9
GBP/CAD BEARS ARE GAINING STRENGTH|SHORT Hello, Friends! The BB upper band is nearby so GBP-CAD is in the overbought territory. Thus, despite the uptrend on the 1W timeframe I think that we will see a bearish reaction from the resistance line above and a move down towards the target at around 1.787. ✅LIKE AND COMMENT MY IDEAS✅Shortby EliteTradingSignals115
GBPCAD | 19.09.2024SELL 1.80000 | STOP 1.80700 | STOP 1.79100 | Local correction in the range.Shortby ProPhiTradeUpdated 2
Chances of breakoutGBPCAD has now reached this point of resistance, price is really starting to consolidate around that key level with the optimism of continuing to pursue its rally. Seeing some signs of rejection and bullish exhaustion, although price seems to be wNting to continue pushing up Longby Fxphil_trade3
GBPCAD TRADE RECAP & TRADINGVIEW APPRECIATIONIn this video guys I've shared the trade that I took this week and I shared the reasons as to why I took this trade I hope by watching this video you will get some lessons which will help you in your trading career. Together with that I have given my appreciation to the tradingview team for developing this an amazing platform for trading, This is the Leading trading platform in the industry! God Bless you all.08:51by Richard_Mkude3
GBPCAD scalp 09 OCTOBERLooking to enter at 1.7880 expecting 100 to 150 pips . Usual entry wait for break and retestLongby F0rexBorexUpdated 5
Break Retest Continuation on GBPCADTwo buy limit orders at pullback. I eyeballed the pullback based on experience by looking at how deep, sharp, strong the previous pullbacks were. Might cancel the order if price goes without us. Us being my team comprising of I me and myself. Say hi, team.Longby ProfessionalDuckHunterUpdated 2
GBPCAD is at its highest level since 2020. Time to sell?The GBPCAD is currently at a crucial resistance level of 1.8000, marking the highest point since 2020. The formation of a double top on the daily chart reinforces the notion of a potential bearish trend reversal. This reversal pattern indicates that the market is testing its ability to sustain prices above this resistance, yet has struggled to produce new consecutive highs, suggesting signs of buyer exhaustion. Furthermore, the emergence of a pin bar on 15 October highlights a clear rejection of prices above 1.8000, illustrating that the market has rejected attempts to breach this resistance and swiftly retreated to lower levels. The pin bar is recognised as a reversal candle with significant bearish implications, indicating profound selling pressure. When this pattern occurs at important resistance zones, as seen in this case, it increases the probability of a downward movement. Key Technical Indicators: Price at its highest level since 2020 at 1.8000. Formation of a double top on the daily chart. Classic bearish divergence on the daily chart. Formation of a pin bar indicating rejection of buying strength. Potential for Downward Movement Considering the above elements, a selling strategy could be justified if the price successfully breaks below the support level of 1.7920. This support level would serve as a trigger for confirming the anticipated downward movement. A breach of this level would indicate a loss of buying strength, paving the way for a sell-off towards lower support levels, such as 1.7750 and 1.7550. Alert for Traders In conclusion, the current market conditions and technical patterns suggest a bearish reversal may be on the horizon for GBPCAD. Traders should keep a close eye on the key support level of 1.7920, as a break below this point may present a valuable selling opportunity in the market. Disclaimer: 74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Past performance is not necessarily indicative of future results. The value of investments may fall as well as rise and the investor may not get back the amount initially invested. This content is not intended for nor applicable to residents of the UK. Shortby Marketscom4
GBPCAD Short Pullback TradeGBPCAD Short Pullback Trade We created a lower high rejecting MA's on higher timeframes and started to go down. Old support became resistance. Stop Loss above the recent high: 1.79110 Take Profit: 1.78560 1. R:R 1:1, 0.5% Risk 2. After reaching TP closing half and moving SL to Breakeven 3. Trailing the rest with market structure on M15 later H1 - Close the loser before hitting full SL if the retracement extends and the price does not confirm the anticipated reversal. - Close the winner if a reversal signal forms (e.g., engulfing pattern, pin bar), especially on higher timeframes like H1 or if momentum weakens indicated by MACD oscillator, consider closing the remaining position early to lock in profits. *No important news for GBPCAD today*Shortby Marteyfx1
GBPCADGood day trader, I have spotted a strong BUY on this pair and this is a late entry with minimum risk. There's a strong support at the 100 FIB Lvl which means, it will approach the 127 Fib Lvl I don't want to over analyze this because this is an easy WIN!!!!!! Have fun and remember, PATIENCE IS KEY.Longby Rogue_Trader0072
GBPCAD Good day trader, I have spotted a strong BUY on this pair and this is a late entry with minimum risk. There's a strong support at the 100 FIB Lvl which means, it will approach the 127 Fib Lvl I don't want to over analyze this because this is an easy WIN!!!!!! Have fun and remember, PATIENCE IS KEY.Longby Rogue_Trader0071
GBP/CAD SELLERS WILL DOMINATE THE MARKET|SHORT Hello, Friends! GBP/CAD pair is trading in a local uptrend which we know by looking at the previous 1W candle which is green. On the 9H timeframe the pair is going up too. The pair is overbought because the price is close to the upper band of the BB indicator. So we are looking to sell the pair with the upper BB line acting as resistance. The next target is 1.785 area. ✅LIKE AND COMMENT MY IDEAS✅Shortby EliteTradingSignalsUpdated 114