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Gbpcadidea

GBP/CAD Bullish Setup:Targeting 1.86500 from Demand Zone SupportTrendline ➡️ Price is respecting an upward trendline 📈 connecting higher lows 🔵 (marked by dots). Channel ➡️ Price is moving inside an ascending channel 🚀 (controlled bullish movement). EMA (70) ➡️ The red curve ➰ is the 70 EMA. Price is near it — showing indecision but still respecting it ⚖️. Demand Zone ➡️ A strong demand zone 🔵 is marked between 1.8400–1.8440 where buyers jump in 🛒 whenever price touches it. Support Zone ➡️ A nearby support zone 🛡️ is around 1.8480–1.8500. It's acting like a stepping stone 🧗‍♂️ for price to climb. Target ➡️ The target 🎯 is clearly marked at 1.86500 — aiming for a nice breakout! 🚀📈 Summary 🔵 Stay above the demand zone ➡️ good for buys! 🛡️ Watch the support ➡️ could be a retest and bounce! ❌ If price breaks below demand zone, the setup is invalid ⚠️. Simple Trading Plan: ✅ Buy near 🔵 demand or 🛡️ support. ✅ Target 🎯 1.86500. ❌ Stop Loss below 🔵 1.8390 area.
Long
by Jameshead007
2
GBP/CAD Bullish Reversal Setup – Demand Zone PlaybookBias: Bullish 📈 Key Zones & Levels: 🔵 Demand Zone: * Area: 1.83024 - 1.83527 * Role: Strong support where buyers previously entered ✅ Entry Point: * 1.83527 * Right above the demand zone — wait for price to retrace here 🛑 Stop Loss: * 1.83024 * Below demand zone — protects against a breakdown 🎯 Target Point: * 1.85280 * Upper resistance level — offers ~3:1 reward-to-risk ratio. Structure & Indicators: 📏 Bullish Flag/Channel: * Price is consolidating inside a small ascending channel * Orange arrow suggests potential drop to demand zone before rising 🧭 EMA (7-period): * Currently at 1.84020 * Price above EMA = short-term uptrend still intact. Trade Plan: 1. ✨ Wait for price to dip into the demand zone 2. 🕵️‍♂️ Look for bullish signals (candlestick patterns or bounce) 3. ✅ Enter around 1.83527 4. 🛑 Stop loss at 1.83024 5. 🎯 Target 1.85280
Long
by Jameshead007
"GBP/CAD Bullish Setup: RBR Zone Bounce with 4:1 RRR "Trend: ⬆️ Bullish Trend – Market is making higher highs and higher lows, signaling upward momentum. Key Zones & Levels 🔵 RBR Zone (Rally-Base-Rally) This is the buy zone or demand area 📍Zone: Between 1.83927 and 1.83390 📌 Action: Look for bullish candles or patterns here 🟠 Entry Point 🔽 Entry: 1.83927 ✅ This is where you consider going LONG ❌ Stop Loss 🔽 Stop: 1.83390 🛑 Protect your capital here if price drops below this zone 🎯 Target Point 🔼 Target: 1.86500 💰 Take profit zone Possible Move 1. ⬇️ Pullback into RBR zone 2. 📈 Bullish bounce from the zone 3. 🚀 Upward rally toward 1.86500 Risk to Reward ⚖️ RRR: ~4:1 – Nice balance of risk vs potential profit! Visual Flow 🎯 Target 1.86500 🔼 | | 🚀 Price rallies up | 🔄 Pullback | 🔵 RBR Zone 🟠 Entry: 1.83927 | ❌ Stop: 1.83390
Long
by Jameshead007
GBP/CAD Bullish Breakout Setup:Demand Zone Rejection with 1.84201. Trendline Breakout 🔻 Downtrend line (from earlier highs) was broken ➡️ Suggests momentum shift from bearish to bullish. 2. Demand Zone 📦 Demand Zone: 1.8130 - 1.8160 🟦 Strong buying interest here 🔁 Price bounced multiple times 💪 Bulls are defending this area! 3. Resistance Zone 🟥 Resistance near 1.8250 🔼 Price is currently testing this level 🚀 Break above = bullish confirmation 4. EMA (7) 📈 EMA7 = 1.81977 🟡 Price above EMA = short-term bullish momentum 5. Target Zone 🎯 Target Point = 1.8420 🔵 Move = +264.8 pips (1.46%) 📊 Bullish projection if breakout holds 6. Price Action ⏳ Price has been consolidating 🧱 Building pressure in a tight range 💥 Breakout candle forming – watch for volume! Summary ✅ Bullish Setup forming 🟦 Support strong at demand zone 🔁 Testing resistance 🎯 Breakout may lead to a push toward 1.8420
Long
by Jameshead007
GBPCAD - FALSE BREAKDOWN SIGNALS MORE UPSIDESymbol - GBPCAD CMP - 1.8150 The GBPCAD pair is currently exhibiting a false breakdown of its trend support. In the context of a weakening US dollar, the British pound has entered a rally phase, which is advantageous for the currency pair. Fundamentally, the outlook is favorable for both the GBP & CAD, given the ongoing depreciation of the dollar. During the current corrective phase, the pair is testing support levels without the potential for further downward movement. This correction is likely to conclude with a false breakdown and subsequent consolidation above the support level, within the established channel. If the bulls manage to maintain defense above the 1.8144 - 1.8230 range, the uptrend is expected to resume. Key support levels: 1.8150, 1.7978 Key resistance levels: 1.8233, 1.8379 Given the prevailing uptrend, the relative strength of the currency pair amidst a weak dollar, and the occurrence of a false breakdown at support, it is reasonable to conclude that downward price movement is unlikely. Therefore, it is prudent to consider potential continuation of the uptrend.
Long
by akshit_official
4
LOOKING FOR SELLS ON GBP/CAD Looking at gap/cad we can see that on the long term trend we can see we have been in a range for around a year we can see this on weekly and daily chart so now we can see we have taken out some liquidty at the top side and we do have a gap on the currency pair which is lower around the 1.68900 but firstly we have to break the 1.72 level I do think we will at least go down to the 1.72 area if broken our next target can be 1.70 then after that we can target the lower gap on the currency pair We do think that the bullish run in gbp pairs could be over for a bit as we have seen. most gbp pairs fly up from the start of the year I do know believe we can see a pullback meaning all gbp pairs could sell off and out of all of them I think gbp/cad is looking to be like a really nice sell so lets wait and see during the week I will look for a sell down to the 1.72 region TARGETS : 1.72 = key level of support 1.69 = gap fill currency I will be looking for sells from a better price
Short
by Carlos44