This is a **GBP/CAD 4H chart** with a clear **bullish bias** across multiple timeframes (W, D, 12H, 6H, 4H).
### Key Points:
* **Market Structure**: Strong bullish breakout above previous resistance zones, confirming a shift in momentum.
* **Current Price**: 1.8641, just below a key resistance level at **1.8664**.
* **Projection**: Expecting a **pullback** towards the **1.8571–1.8549 Daily AOI** zone, followed by a **bullish continuation** to the upside.
* **EMAs**:
* Price is above both the **50 EMA (blue)** and **200 EMA (red)**, confirming upward momentum.
* **Volume & Liquidity Zones**:
* The breakout cleared previous liquidity, indicating strength.
* The next major resistance is untested, suggesting more room for upside after a healthy retracement.
### Summary:
GBP/CAD is in a **strong uptrend**. After a short-term correction into the Daily AOI (support), a **continuation toward new highs** is anticipated if bullish order flow continues.
### Key Points:
* **Market Structure**: Strong bullish breakout above previous resistance zones, confirming a shift in momentum.
* **Current Price**: 1.8641, just below a key resistance level at **1.8664**.
* **Projection**: Expecting a **pullback** towards the **1.8571–1.8549 Daily AOI** zone, followed by a **bullish continuation** to the upside.
* **EMAs**:
* Price is above both the **50 EMA (blue)** and **200 EMA (red)**, confirming upward momentum.
* **Volume & Liquidity Zones**:
* The breakout cleared previous liquidity, indicating strength.
* The next major resistance is untested, suggesting more room for upside after a healthy retracement.
### Summary:
GBP/CAD is in a **strong uptrend**. After a short-term correction into the Daily AOI (support), a **continuation toward new highs** is anticipated if bullish order flow continues.
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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.