GBPCAD bullish bias
**Daily**: The price has been consolidated in between the area 1.72 and 1.74 for a month. The recent sudden bullish movement has broke the ranging resistance area which provided me a bullish bias in here. MACD also has shown more bullish momentum is being added.
**4H**: Similar to the daily analysis, it also gave me a bullish outlook on this pair. However, the price is approaching on a very strong 1.7580 resistance area. I expect the price will show indecision/consolidation movement at that area before breaking the 1.7580 resistance.
**What to do now? When to buy?**
- We have a bullish bias.
- Once the indecision in the market is in flavor with my bullish bias, I will enter long on this trade. If not, this trade setup is voided.
Please trade according to your risk appetite! Trade safe!
**4H**: Similar to the daily analysis, it also gave me a bullish outlook on this pair. However, the price is approaching on a very strong 1.7580 resistance area. I expect the price will show indecision/consolidation movement at that area before breaking the 1.7580 resistance.
**What to do now? When to buy?**
- We have a bullish bias.
- Once the indecision in the market is in flavor with my bullish bias, I will enter long on this trade. If not, this trade setup is voided.
Please trade according to your risk appetite! Trade safe!
Order cancelled
the price rejected at the area due to the BOC announcement
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