GBPCAD is Brewing a Monster Move – Are You Ready or Getting Left
GBPCAD appears to be following a clear structure with identifiable waves and liquidity points. Based on the long-term projection, the pair seems to be progressing through corrective and impulsive waves, targeting significant levels. The chart suggests the possibility of a broader accumulation phase that leads to a strong move toward liquidity zones before a potential reversal.
Breakdown of Key Points:
Wave Structure Analysis:
The price structure is currently forming a complex corrective wave pattern.
The primary corrective wave (WXYXZ) is projected to potentially find support at lower fib retracement zones (e.g., 0.618 or 0.886 levels).
Significant Levels:
Resistance Zone: At the most recent weak swing high near 1.51943, where liquidity has likely accumulated.
Support Zone: The range near 1.16084 and 1.03327, which aligns with strong fib retracement zones and a divergence area.
Liquidity Observations:
The Sell-Side Liquidity Zone (SSL) near 1.314 marks a key area where traders may have stop-loss clusters, potentially acting as a magnet for price movements.
After sweeping these zones, momentum could shift strongly to the upside.
Long-Term Target:
The structure hints at a long-term push toward 1.5+ levels, but this depends on how price reacts to the liquidity sweep near 1.03327 or 0.71502 (if the deeper retracement unfolds).
What to Watch for:
Bounce Areas: Pay close attention to fib retracement levels at 1.16084 and below; these are critical potential reversal points.
Liquidity Sweep: Watch for a sweep of Sell-Side SSL (1.314) or deeper liquidity grabs to confirm stronger upward momentum.
Momentum Shift: Confirmation of bullish momentum through strong breakouts and holds above weak swing highs (like 1.51943).
Potential Risk:
If price invalidates by breaking below 0.71502, it would signal a deviation from this outlook, potentially continuing into uncharted bearish territory.
Breakdown of Key Points:
Wave Structure Analysis:
The price structure is currently forming a complex corrective wave pattern.
The primary corrective wave (WXYXZ) is projected to potentially find support at lower fib retracement zones (e.g., 0.618 or 0.886 levels).
Significant Levels:
Resistance Zone: At the most recent weak swing high near 1.51943, where liquidity has likely accumulated.
Support Zone: The range near 1.16084 and 1.03327, which aligns with strong fib retracement zones and a divergence area.
Liquidity Observations:
The Sell-Side Liquidity Zone (SSL) near 1.314 marks a key area where traders may have stop-loss clusters, potentially acting as a magnet for price movements.
After sweeping these zones, momentum could shift strongly to the upside.
Long-Term Target:
The structure hints at a long-term push toward 1.5+ levels, but this depends on how price reacts to the liquidity sweep near 1.03327 or 0.71502 (if the deeper retracement unfolds).
What to Watch for:
Bounce Areas: Pay close attention to fib retracement levels at 1.16084 and below; these are critical potential reversal points.
Liquidity Sweep: Watch for a sweep of Sell-Side SSL (1.314) or deeper liquidity grabs to confirm stronger upward momentum.
Momentum Shift: Confirmation of bullish momentum through strong breakouts and holds above weak swing highs (like 1.51943).
Potential Risk:
If price invalidates by breaking below 0.71502, it would signal a deviation from this outlook, potentially continuing into uncharted bearish territory.
Transakcja zamknięta: osiągnięto wyznaczony cel
I hope everyone had a successful trading week and was able to secure some profits! As we look ahead, make sure to stay up to date with the latest market updates. Set alarms on my page and enable email notifications so you don’t miss out on next week's swing opportunities.Uwaga
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Informacje i publikacje przygotowane przez TradingView lub jego użytkowników, prezentowane na tej stronie, nie stanowią rekomendacji ani porad handlowych, inwestycyjnych i finansowych i nie powinny być w ten sposób traktowane ani wykorzystywane. Więcej informacji na ten temat znajdziesz w naszym Regulaminie.