CADGBP trade ideas
GBPCAD - W bottom - 4hr - 100 pip moveFirst post and a complete novice so here goes!
Strong movement down on the 4 hour chart.
Tested 1.83205.
Pulled back and currently retesting the same area.
RSI went below 30 showing its overbought but it is showing bullish divergence which I expect a 100pip move up to complete the W bottom pattern.
What's your thoughts?
Bearish reversal off pullback resistance?GBP/CAD is reacting off the pivot which is a pullback resistance and could drop to the 1st support which acts as a pullback support.
Pivot: 1.8425
1st Support: 1.8275
1st Resistance: 1.8502
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
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 Potential PullbackHi there,
On GBPCAD, a bullish pullback is anticipated, with a potential bullish level of interest at 1.84988, targeting two price levels: 1.87001 and 1.88069.
Currently, the price movement is bearish, seemingly aiming for the 1.84235 low. It may act against bullish orders, so there should be some caution around the 1.83199 level as it has the potential to drop even lower.
Happy Trading,
K.
It is not trading advice.
GBPCAD INTRADAY capped at 1.8590The GBPCAD pair is exhibiting a bearish sentiment, reinforced by the ongoing downtrend. The key trading level to watch is at 1.8532 which represents the current intraday swing high.
In the short term, an oversold rally from current levels, followed by a bearish rejection at the 1.8532 resistance, could lead to a downside move targeting support at 1.8280 with further potential declines to 1.8150 and 1.8040 over a longer timeframe.
On the other hand, a confirmed breakout above the 1.8532 resistance level and a daily close above that mark would invalidate the bearish outlook. This scenario could pave the way for a continuation of the rally, aiming to retest the 1.8590 resistance, with a potential extension to 1.8650 levels.
Conclusion:
Currently, the GBPCAD sentiment remains bearish, with the 1.8530 level acting as a pivotal resistance. Traders should watch for either a bearish rejection at this level or a breakout and daily close above it to determine the next directional move. Caution is advised until the price action confirms a clear break or rejection.
This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
Bullish bounce?GBP/CAD is reacting off the pivot which is a pullback support and could rise to the 1st resistance.
Pivot: 1.8323
1st Support: 1.8275
1st Resistance: 1.8502
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
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 Will Explode! BUY!
My dear subscribers,
My technical analysis for GBPCAD is below:
The price is coiling around a solid key level - 1.8389
Bias -Bullish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear buy, giving a perfect indicators' convergence.
Goal - 1.8459
About Used Indicators:
By the very nature of the supertrend indicator, it offers firm support and resistance levels for traders to enter and exit trades. Additionally, it also provides signals for setting stop losses
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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WISH YOU ALL LUCK
GBPCAD Buyers In Panic! SELL!
My dear subscribers,
My technical analysis for GBPCAD is below:
The price is coiling around a solid key level - 1.8563
Bias - Bearish
Technical Indicators: Pivot Points High anticipates a potential price reversal.
Super trend shows a clear sell, giving a perfect indicators' convergence.
Goal - 1.8412
My Stop Loss - 1.8655
About Used Indicators:
By the very nature of the supertrend indicator, it offers firm support and resistance levels for traders to enter and exit trades. Additionally, it also provides signals for setting stop losses
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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WISH YOU ALL LUCK
GBP_CAD SUPPORT AHEAD|LONG|
โ
GBP_CAD is going down now
But a strong support level is ahead at 1.8340
Thus I am expecting a rebound
And a move up towards the target of 1.8420
LONG๐
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Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
GbpCad Reversal SetupPrice got a break above structure - attempted to break above higher trend line, but failed - first break of structure got respected - trend line respected - traces back to first break of structure and attempts to move up again before the structure crumbles and price now attempts to move on the other side, back to where it came from. Reversal entry will aim for 25% of major pullback.
GBP_CAD RESISTANCE AHEAD|SHORT|
โ
GBP_CAD is going up now
But a strong resistance level is ahead at 1.8600
Thus I am expecting a pullback
And a move down towards the target of 1.8500
SHORT๐ฅ
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Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
GBPCAD - ANOTHER LEGUK Bullish Factors :
1. Political Stability -> boost investor confidence
2. UK is less exposed to trade tensions
3. Economic data has been solid as of late
4. UK-US Trade deal
5. Increase in COT data
CAD Bearish Factors :
1. Trade uncertainty with the US
2. Weak growth
Technicals :
1. Reverse Head and Shoulder pattern
2. Price above all 4 MAs
3. Pair has been in a long up-trend
GBPCAD: Bearish Continuation & Short Signal
GBPCAD
- Classic bearish pattern
- Our team expects retracement
SUGGESTED TRADE:
Swing Trade
Sell GBPCAD
Entry - 1.8533
Stop - 1.8580
Take - 1.8433
Our Risk - 1%
Start protection of your profits from lower levels
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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Sell Setup Based on Volume Profile + FVG Confluence๐ Technical Breakdown:
๐ฆ D-Shaped Volume Profile Identified
A clear D-shaped profile formed during the previous consolidation phase.
High volume node centered around 1.84650, indicating a fair value area where price found balance.
This suggests the market was in acceptance mode, with no strong directional intent โ perfect context to look for reversion or breakout-based setups.
๐ด Strong Rejection at Previous High
Price retested the previous swing high (near 1.84900โ1.85000) and showed clear rejection wicks with low follow-through.
This implies that buy-side liquidity was swept, triggering possible sell-side pressure from institutional players.
๐ซ Fair Value Gap (FVG) Above High
A visible FVG formed after the price swept the high, showing displacement without efficient trading.
This inefficiency indicates a low-probability zone for continuation and reinforces a sell narrative as the market may seek to rebalance back toward the previous value area.
๐ป Low Volume Cluster Above High
The volume profile shows a notable low-volume area just above the rejected high.
This means lack of market interest and a lower likelihood of sustaining bullish movement above that level.
Price typically reverses when entering such thin-volume areas โ unless thereโs a strong fundamental driver (not present here).
๐ Sell Bias Justified
This confluence of:
Rejection at previous high
Presence of FVG
Thin volume above key levels
Break away from D-shaped balance
...makes this a high-probability sell setup with a target toward the POC of the D-profile or prior demand levels (e.g., 1.84400 or 1.84200).
๐ Trade Plan (Example)
Entry: 1.84875โ1.84950 (retest area)
Stop Loss: Above 1.85000 (above wick high)
Target 1: 1.84650 (POC)
Target 2: 1.84400 or deeper liquidity sweep
๐ Summary
This setup reflects a classic liquidity sweep + volume rejection confluence. Ideal for traders who align market structure, volume behavior, and inefficiency zones to increase probability.
GBPCAD: Weak Market & Bearish Continuation
Our strategy, polished by years of trial and error has helped us identify what seems to be a great trading opportunity and we are here to share it with you as the time is ripe for us to sell GBPCAD.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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GBP/CAD "Pound vs Loonie" Forex Bank Money (Day Trade Plan)๐Hi! Hola! Ola! Bonjour! Hallo! Marhaba!๐
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Entry ๐ : "The heist is on! Wait for the Neutral Level breakout then make your move at (1.83000) - Bearish profits await!"
however I advise to Place sell stop orders above the Moving average (or) after the Support level Place sell limit orders within a 15 or 30 minute timeframe most NEAREST (or) SWING low or high level for Pullback entries.
๐I strongly advise you to set an "alert (Alarm)" on your chart so you can see when the breakout entry occurs.
Stop Loss ๐: "๐ Yo, listen up! ๐ฃ๏ธ If you're lookin' to get in on a sell stop order, don't even think about settin' that stop loss till after the breakout ๐. You feel me? Now, if you're smart, you'll place that stop loss where I told you to ๐, but if you're a rebel, you can put it wherever you like ๐คช - just don't say I didn't warn you โ ๏ธ. You're playin' with fire ๐ฅ, and it's your risk, not mine ๐."
๐Thief SL placed at the nearest/swing High or Low level Using the 4H timeframe (1.84500) Day/Scalping trade basis.
๐SL is based on your risk of the trade, lot size and how many multiple orders you have to take.
Target ๐ฏ: 1.81000 (or) Escape Before the Target
๐ฐ๐ต๐ธGBP/CAD "Pound vs Loonie" Forex Market Heist Plan (Scalping/Day Trade) is currently experiencing a Bearish trend.., driven by several key factors.๐๐๐
โ ๏ธTrading Alert : News Releases and Position Management ๐ฐ ๐๏ธ ๐ซ๐
As a reminder, news releases can have a significant impact on market prices and volatility. To minimize potential losses and protect your running positions,
we recommend the following:
Avoid taking new trades during news releases
Use trailing stop-loss orders to protect your running positions and lock in profits
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