Here’s what I’m seeing on GBPCAD… The pair first formed a solid support and pushed higher, showing clear bullish intent. It then pulled back to create an even stronger support level, giving the bulls a firmer base to work from. From there, price climbed to the high of the trend before pulling back again — this time with a fake breakout below support, likely shaking out weak hands.
Now, the bulls are back in the driver’s seat. Price has pushed up strongly and broken the most recent resistance level, which could open the door for further upside if momentum holds. As long as price stays above the breakout zone, I’ll be looking for continuation toward the next resistance area. Always keep risk management in place and be mindful of sudden reversals — fakeouts work both ways.
Now, the bulls are back in the driver’s seat. Price has pushed up strongly and broken the most recent resistance level, which could open the door for further upside if momentum holds. As long as price stays above the breakout zone, I’ll be looking for continuation toward the next resistance area. Always keep risk management in place and be mindful of sudden reversals — fakeouts work both ways.
Trade active
Active Trade Note:Bulls have stepped back in after a fake-out, breaking through recent resistance. If price holds above this breakout level, I’ll be watching for continuation toward higher targets. Managing risk is key here — staying above the breakout confirms bullish control.
Note
NOT FINANCIA ADVICENote
Trade in Action, It is trying to reach the target. Focus on this and please use risk management, it is necessary.
📈 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
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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.