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.
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