GBP/CAD has shown a strong reaction at VWAP support, with aggressive momentum and precise institutional buy-ins. Price has also swept a key London session low, which could act as a liquidity grab before a potential move higher.
Key Points:
VWAP Holding as Support – Price bounced off the two-day anchored VWAP with strong momentum.
London Low Sweep – A clear liquidity grab below a key session low before reversing.
Major Levels in Play – Some key levels have been broken, adding to the setup’s validity.
Fundamentals:
Neutral Bias – No strong fundamental drivers pushing GBP/CAD in either direction. This setup is mainly technical.
A clean VWAP setup with strong price action—worth keeping an eye on.
Key Points:
VWAP Holding as Support – Price bounced off the two-day anchored VWAP with strong momentum.
London Low Sweep – A clear liquidity grab below a key session low before reversing.
Major Levels in Play – Some key levels have been broken, adding to the setup’s validity.
Fundamentals:
Neutral Bias – No strong fundamental drivers pushing GBP/CAD in either direction. This setup is mainly technical.
A clean VWAP setup with strong price action—worth keeping an eye on.
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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.