GBPCAD: Comprehensive Trading Plan
⚠️ GBPCAD Analysis
This week, GBPCAD broke a key structural resistance and closed above it.
Currently, the pair is consolidating within a tight horizontal range, retesting the broken structure on the 4-hour chart.
For confirmation of a bullish intraday trend, watch for a breakout above the range resistance.
A 4-hour candle closing above 1.7924 will validate the breakout, potentially leading to a bullish continuation toward 1.7967.
This week, GBPCAD broke a key structural resistance and closed above it.
Currently, the pair is consolidating within a tight horizontal range, retesting the broken structure on the 4-hour chart.
For confirmation of a bullish intraday trend, watch for a breakout above the range resistance.
A 4-hour candle closing above 1.7924 will validate the breakout, potentially leading to a bullish continuation toward 1.7967.
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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.
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.