I’m watching GBPCAD closely here on the 1H timeframe.
After spending many days moving inside a heavy accumulation zone, price finally started showing strength from the lower support area.
What catches my attention is the clean recovery from the 0 zone and the strong push back above the mid Fibonacci levels. Buyers are slowly taking control again, and momentum is starting to build candle by candle.
Right now, I’m expecting price to continue climbing toward the higher resistance area near the 1.8660 zone if bullish pressure stays active. The structure still looks like a recovery phase rather than an explosive breakout, but the direction is slowly shifting upward.
This is Round 1 of my analysis idea.
If the market suddenly changes direction or gives an opposite confirmation later, I will provide a Round 2 updated outlook based on the new structure instead of forcing the same bias.
For now, the market looks like it wants higher levels first 📈
After spending many days moving inside a heavy accumulation zone, price finally started showing strength from the lower support area.
What catches my attention is the clean recovery from the 0 zone and the strong push back above the mid Fibonacci levels. Buyers are slowly taking control again, and momentum is starting to build candle by candle.
Right now, I’m expecting price to continue climbing toward the higher resistance area near the 1.8660 zone if bullish pressure stays active. The structure still looks like a recovery phase rather than an explosive breakout, but the direction is slowly shifting upward.
This is Round 1 of my analysis idea.
If the market suddenly changes direction or gives an opposite confirmation later, I will provide a Round 2 updated outlook based on the new structure instead of forcing the same bias.
For now, the market looks like it wants higher levels first 📈
Operación cerrada: objetivo alcanzado
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Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.