GBPCAD - BearishGBPCAD has formed a double top on 1H timeframe. Taking sell entry on break of neckline.
GBPCAD trade ideas
GBP/CAD – Bearish Reversal Setup (1H Timeframe)We’re currently observing the GBP/CAD pair, which has been in a strong bullish trend. However, clear signs of a potential reversal are now forming.
A classic Double Top pattern has emerged on the 1H chart, supported by bearish divergence — both indicating weakening bullish momentum. With this confluence, we anticipate a trend reversal from bullish to bearish and are preparing a sell trade setup accordingly.
🔹 Pair: GBP/CAD
🔹 Timeframe: 1H
🔹 Trend: Bullish (reversal expected)
🔹 Pattern: Double Top
🔹 Divergence: Bearish
🔹 Bias: Bearish
🔹 Entry (Sell Stop): 1.87077
🔹 Stop Loss: 1.88371
🔹 Take Profit 1: 1.85783
🔹 Lot Size: 0.21
🔹 Risk/Reward: 1:1
🔹 Risk: $200
🔹 Potential Reward: $200
🎯 Strategy: Entry will activate only after a confirmed break below the neckline of the double top. Risk is controlled with a clear stop-loss and 1:1 reward setup.
📌 #GBPCAD #ForexSignals #DoubleTop #BearishReversal #TechnicalAnalysis #DivergenceTrading #TrendReversal #SmartMoney #1HChart #ForexTradeIdeas #BearishSetup #RiskManagement #PriceAction
Failed to break higher — now it’s time to crash.After a sharp rally, the market has hit its previous all-time high.
📌 A double top is now forming — signaling a potential short-term pullback.
Get ready for a possible dip — let’s go! 🚨
OANDA:GBPCAD
GBP/CAD - Breakout (27.06.2025)The GBP/CAD pair on the M30 timeframe presents a Potential Buying Opportunity due to a recent Formation of a Breakout Pattern. This suggests a shift in momentum towards the upside and a higher likelihood of further advances in the coming hours.
Possible Long Trade:
Entry: Consider Entering A Long Position around Trendline Of The Pattern.
Target Levels:
1st Resistance – 1..8857
2nd Resistance – 1.8909
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Bullish continuation?GBP/CAD is falling towards the pivot and could bounce to the 1st resistance which is a pullback resistance.
Pivot: 1.8664
1st Support: 1.8590
1st Resistance: 1.8825
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85% of Traders Are Wrong on GBPCAD - I'm Going Short!📊 COT Analysis
GBP:
Non-Commercials remain net long with 106,282 longs vs 63,425 shorts. However, long positions are decreasing (-4,794) while shorts are slightly increasing (+3,983), suggesting profit-taking or a potential shift in sentiment.
Commercials are strongly net short (35,707 longs vs 87,770 shorts), with a significant reduction in both longs (-24,958) and shorts (-33,457) — a clear reduction in overall exposure.
→ Non-Commercial positioning is still bullish, but momentum is fading.
CAD:
Non-Commercials remain heavily net short (28,154 longs vs 94,487 shorts), but notable changes are taking place: sharp increase in longs (+8,503) and a significant cut in shorts (-18,307), pointing to a possible reversal in sentiment.
Commercials are net long with a rise in both longs (+1,834) and shorts (+31,186), indicating potential hedging as expectations shift.
→ CAD strength is emerging in the COT data, supporting a potential bearish move on GBPCAD.
📈 Seasonality – June/July
GBP tends to perform poorly in June across all historical averages (-0.004 / -0.006). July shows slight positivity but is statistically insignificant.
CAD has a mildly negative June, but July is historically its strongest month (+0.006 / +0.007 on 20Y and 15Y averages).
→ Seasonal bias favors CAD strength in the June–July transition.
🧠 Retail Sentiment
Retail traders are 85% long on GBPCAD, a strong contrarian signal.
→ Such imbalance increases the odds of a correction or reversal to the downside.
→ Confirms short bias.
📉 Price Action & RSI
Price surged into strong resistance at 1.8779 (triple top area).
Current daily rejection + RSI in overbought territory suggest a potential swing high forming.
Natural downside target: 1.8400–1.8450 (prior structure and base of the move).
→ Ideal short setup from resistance with confirmation via bearish price action.
GBPCAD INTRADAY support at 1.8500The GBPCAD currency pair price action sentiment appears Bullish, supported by the current rising trend. The recent intraday price action seems to be a sideways consolidation breakout.
The key trading level is at the 1.8500 level, the previous consolidation price range. A corrective pullback from the current levels and a bullish bounce back from the 1.8500 level could target the upside resistance at 1.8890, followed by the 1.9000 and 1.9090 levels over the longer timeframe.
Alternatively, a confirmed loss of the 1.8500 support and a daily close below that level would negate the bullish outlook, opening the way for a further retracement and a retest of 1.8430 support level, followed by 1.83450 levels.
Conclusion:
As long as 1.8500 holds, the bias remains bullish, favouring continuation toward the 1.8900 zone. A confirmed break below this support would shift momentum, opening the door for a broader corrective decline.
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GC back to the value area high? GC has perform excess price above the value high area and currently perform sort of engulfing movement. Possible to go down and touch the value area high?
GBPCAD | Comp. Trade 05GBP is facing a selling pressure against Canadian dollar.The chart has formed an ABCD harmonic pattern as well as a bearish divergence on RSI.Both these indications are quite strong and point towards the upcoming bearish trend.
GBPCAD: Bearish Continuation & Short Signal
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.
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GBPCAD | 25.06.2025SELL 1.86950 | STOP 1.87400 | TAKE 1.86350 | Itraday corrective downward price movement.
GBPCAD Will Go Down From Resistance! Short!
Please, check our technical outlook for GBPCAD.
Time Frame: 5h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The price is testing a key resistance 1.868.
Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 1.855 level.
P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.
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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SHOT ON GBP/CADGBP/CAD has given nice rejection from a major supply area.
There is lots of imbalance to the downside.
I will be selling GBP/CAD looking to catch 100-200 pips to the next demand zone.
GBPCAD at Resistance areaResistance Area: Price has reached a well-tested resistance zone around 1.8700–1.8787, marked with a red shaded box. Stoploss: Positioned just above resistance at 1.87870, suggesting a short setup with defined risk.
Ready for the Long?This is a **GBP/CAD 4H chart** with a clear **bullish bias** across multiple timeframes (W, D, 12H, 6H, 4H).
### Key Points:
* **Market Structure**: Strong bullish breakout above previous resistance zones, confirming a shift in momentum.
* **Current Price**: 1.8641, just below a key resistance level at **1.8664**.
* **Projection**: Expecting a **pullback** towards the **1.8571–1.8549 Daily AOI** zone, followed by a **bullish continuation** to the upside.
* **EMAs**:
* Price is above both the **50 EMA (blue)** and **200 EMA (red)**, confirming upward momentum.
* **Volume & Liquidity Zones**:
* The breakout cleared previous liquidity, indicating strength.
* The next major resistance is untested, suggesting more room for upside after a healthy retracement.
### Summary:
GBP/CAD is in a **strong uptrend**. After a short-term correction into the Daily AOI (support), a **continuation toward new highs** is anticipated if bullish order flow continues.
GBP/CADPrice action trading is a methodology in financial markets where traders make decisions based on the actual price movements of an asset over time, rather than relying heavily on technical indicators or fundamental analysis. It involves observing and interpreting patterns and trends in price charts to predict future price movements.
GBPCAD Sell IdeaWe see price downtrending on 4hr time frame — price is coming into our 4hr bearish engulfing getting ready to test to the downside. All we need is a counter trend line to break to confirm the idea!
Technical Zones & StructureTechnical Zones & Structure
🔹 Bearish Rejection Zone (Supply Area)
Price tapped into a strong supply zone at the top blue box, aligning with trendline resistance.
Immediate reaction followed by sharp bearish candle shows potential liquidity grab and smart money sell-off.
🔹 Demand Zone
Mid-chart gray/blue zone is a key reaction area that price may retest before confirming further downside.
Market Structure
I’ve drawn a rising wedge, which price has already broken down from = bearish reversal signal.
Pullback anticipated into the broken structure zone (gray) → potential entry zone for short.
Trade Idea (as visualized)
Sell Setup Plan:
✅ Ideal Entry: Retest of broken wedge / demand-turned-supply (~1.84750–1.84900)
🎯 Target 1: 1.84300 zone
🎯 Target 2: 1.83500 (bottom demand zone)
🛑 SL: Above previous high / upper blue supply (~1.85300+)
SET and FORGET
GBPCAD : SELL SETUP FORMED IN 4RSell @ 1.8460 or below
Target : 1.8225, 1.8000
Stoploss : 1.8560
Sell breakout and pullback done. Short entered at 1.8460
GBPCAD CONTINUING DOWNTREND STRUCTUREGBPCAD CONTINUING DOWNTREND STRUCTURE IN 4H TIME FRAME.
Price forming Lower Lows & Lower Highs.
After secondary trend market started forming bearish candles.
Showing signal of seller's entry in the market.
Market may remain bearish in upcoming trading sessions.
On lower side market may hit the target of 1.83300.
On higher side 1.85750 may act as a important resistance level for the market.
