This chart highlights a potential distribution phase forming near the recent highs, signaling a possible shift from the bullish trend to a bearish trend. Key Observations: The price recently formed higher highs (HH) and higher lows (HL), maintaining a bullish structure. A key support zone is marked, which could act as a turning point if broken. The...
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: 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...