📊 Weekly Analysis for GBP/CAD
🔍 Technical Outlook by Shaker Trading
✅ Bullish Structure in Play:
Breakout from Downward Channel (Weekly):
The pair has successfully broken out of a long-term descending channel, signaling a shift in market structure.
New Ascending Channel Formed (Weekly):
GBP/CAD is now trading within a rising price channel, confirming a strong bullish trend on the higher time frame.
Strong Bullish Trendline Support:
Price respects a clear ascending trendline, acting as dynamic support.
📌 Trading Outlook:
We expect a temporary correction toward the demand zones highlighted on the chart, followed by a continuation to the upside.
The bullish momentum is likely to remain in play unless major support levels are broken.
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Let your capital work for you! Follow our top-performing strategies with zero fees or subscriptions.
🔍 Technical Outlook by Shaker Trading
✅ Bullish Structure in Play:
Breakout from Downward Channel (Weekly):
The pair has successfully broken out of a long-term descending channel, signaling a shift in market structure.
New Ascending Channel Formed (Weekly):
GBP/CAD is now trading within a rising price channel, confirming a strong bullish trend on the higher time frame.
Strong Bullish Trendline Support:
Price respects a clear ascending trendline, acting as dynamic support.
📌 Trading Outlook:
We expect a temporary correction toward the demand zones highlighted on the chart, followed by a continuation to the upside.
The bullish momentum is likely to remain in play unless major support levels are broken.
🔥 Copy Trading for Free
Let your capital work for you! Follow our top-performing strategies with zero fees or subscriptions.
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.
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.