📈 Bullish Power Unleashed! 📈
🧠 Technical Breakdown: GBP/CAD has just broken out of a Flag and Pole pattern on the 4H chart — a classic bullish continuation setup! After a strong upward move forming the pole, the price consolidated within a flag, creating a tight range with a descending resistance line. The breakout above 1.85882 confirms the bulls are in charge, and we’re now targeting a higher level for this rally!
📍 Key Insights:
◾ Pattern: Flag and Pole — strong bullish continuation signal.
◾ Breakout Confirmed: Price surged above the resistance line at 1.85882 with momentum.
◾ Pole Projection: The initial move supports a significant upward target.
◾ Target Zone: 1.93500 — our key resistance and take-profit area.
🎯 Trade Setup:
🔴 Entry: 1.85882 (on breakout confirmation)
🟢 Stop Loss: 1.80000 (below the flag’s lower boundary for safety)
🎯 Target: 1.93500 — key resistance and take-profit zone
⚠ Pro Tip: Watch for a potential retest of the breakout level around 1.85882 as support — a great spot for late entries! Monitor volume to confirm the breakout’s strength as we aim for 1.93500.
🔥 Final Thoughts: GBP/CAD is showing explosive bullish momentum with this Flag and Pole breakout! With our target set at 1.93500, we’re in for a big move. Let’s ride this rally and lock in those gains — trade smart and manage your risk! 💥
🧠 Technical Breakdown: GBP/CAD has just broken out of a Flag and Pole pattern on the 4H chart — a classic bullish continuation setup! After a strong upward move forming the pole, the price consolidated within a flag, creating a tight range with a descending resistance line. The breakout above 1.85882 confirms the bulls are in charge, and we’re now targeting a higher level for this rally!
📍 Key Insights:
◾ Pattern: Flag and Pole — strong bullish continuation signal.
◾ Breakout Confirmed: Price surged above the resistance line at 1.85882 with momentum.
◾ Pole Projection: The initial move supports a significant upward target.
◾ Target Zone: 1.93500 — our key resistance and take-profit area.
🎯 Trade Setup:
🔴 Entry: 1.85882 (on breakout confirmation)
🟢 Stop Loss: 1.80000 (below the flag’s lower boundary for safety)
🎯 Target: 1.93500 — key resistance and take-profit zone
⚠ Pro Tip: Watch for a potential retest of the breakout level around 1.85882 as support — a great spot for late entries! Monitor volume to confirm the breakout’s strength as we aim for 1.93500.
🔥 Final Thoughts: GBP/CAD is showing explosive bullish momentum with this Flag and Pole breakout! With our target set at 1.93500, we’re in for a big move. Let’s ride this rally and lock in those gains — trade smart and manage your risk! 💥
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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.
Related publications
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.