GBPCAD – Bullish Structure Holding | Breakout Zone Respected ...
Hello everyone! 👋
Looking at the 4H chart of GBPCAD, we can clearly see that the price tapped into the bullish support zone and was rejected strongly, respecting the trendline and showing signs of continued bullish momentum.
Price structure remains intact, with market structure still bullish as the lower support trendline has not been broken. The Fair Value Gap and Break of Structure (BOS) confirm buyers' presence.
As long as we remain above this support and within this bullish order block zone, I’ll stay biased to the upside.
A potential bearish move was considered if price broke below the bullish support trendline, but that hasn't happened. The structure remains intact, so the bearish scenario is currently off the table.
Let’s keep an eye on the next resistance zone where price may react. I’ll update again if structure shifts or target areas are cleared.
This analysis is for educational purposes only and does not constitute financial advice.
Looking at the 4H chart of GBPCAD, we can clearly see that the price tapped into the bullish support zone and was rejected strongly, respecting the trendline and showing signs of continued bullish momentum.
Price structure remains intact, with market structure still bullish as the lower support trendline has not been broken. The Fair Value Gap and Break of Structure (BOS) confirm buyers' presence.
As long as we remain above this support and within this bullish order block zone, I’ll stay biased to the upside.
A potential bearish move was considered if price broke below the bullish support trendline, but that hasn't happened. The structure remains intact, so the bearish scenario is currently off the table.
Let’s keep an eye on the next resistance zone where price may react. I’ll update again if structure shifts or target areas are cleared.
This analysis is for educational purposes only and does not constitute financial advice.
Trade active
ACTIVE TRADE NOTE – GBPCAD (Bullish Setup)Price tapped the demand zone and showed a clear rejection, respecting the trendline and bullish structure. Trade idea is now active based on confirmation from Fair Value Gap (FVG) + Break of Structure (BOS).
🟢 Bias: Bullish
🎯 Target Zones: Watching for move toward previous highs and resistance area
🔒 Invalidation: Below trendline & bullish OB zone
📉 Bearish case on hold unless structure breaks
Follow the idea, comment your views, and boost if helpful!
Let’s manage risk and trade smart.
Note
Our bullish setup for GBPCAD (4H) captured major upside momentum. Yesterday’s high topped out near 1.83918, resulting in a gain of good pips from the key demand/trendline support zone.🟢 Bias: Bullish
✅ Pips Gained: ~50+ from base to swing high
🎯 First Target: Hit & exceeded
🔮 Next Target Zone: 1.8445–1.8460
🚫 Idea Invalid if Price Falls Below: Bullish support zone / trendline
This analysis is for educational purposes only and does not constitute financial advice
Trade closed: target reached
ALMOST REACHED
📈 Robert FX Assets | Verified Forex Analyst
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📊 Smart Signals | XAUUSD | Risk Management
📬 Join Free Channel: t.me/RobertFXAssets
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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.
📈 Robert FX Assets | Verified Forex Analyst
📊 Smart Signals | XAUUSD | Risk Management
📬 Join Free Channel: t.me/RobertFXAssets
📊 Smart Signals | XAUUSD | Risk Management
📬 Join Free Channel: t.me/RobertFXAssets
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.