GBP/CAD Daily Analysis.
This chart shows the GBP/CAD pair on the daily timeframe, highlighting a strong bullish market structure characterized by Higher Highs (HH) and Higher Lows (HL).
Key observations:
Potential Plan:
Monitor the price action around the support zone for bullish signals and confirmations to join the upward trend.
Key observations:
- Price is respecting the uptrend pattern with consistent HHs and HLs.
- A key support zone is marked, acting as a potential demand area for price reactions.
- The projection anticipates a possible retracement to the support zone, forming another HL before continuing the bullish trend.
Potential Plan:
Monitor the price action around the support zone for bullish signals and confirmations to join the upward trend.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.