GBPCAD (288m): DT TECHNICAL ANALYSIS

TREND OVERVIEW
The current structure indicates a downtrend after reaching a recent pivot high. Price is reacting to key resistance zones, with multiple sell orders placed at strategic levels. The GBPCAD 288m chart highlights a well-defined trade structure with clear resistance and support zones. A short position remains favorable unless price breaks and holds above 1.8001. Watch for reactions at mid-pivot and TP zones to gauge momentum. Stay patient and trade with discipline.

KEY LEVELS & TRADE SETUP

• Sell Zones:
• Primary Sell Order: 1.7920
  
• Secondary Sell Order: 1.7974
  
• Pivot High Stop Loss: 1.8001
  Take Profit Levels (Short Positions):
  * TP 1: 1.78165
  * TP 2 (Mid Pivot): 1.77297
  * TP 3: 1.76657
  * TP 4: 1.75668
  Buy Zones (Potential Reversal Areas):
  * Primary Buy Order: 1.75430
  * Secondary Buy Order: 1.74853
  * Pivot Low Stop Loss: 1.74582
  

ANALYSIS & OUTLOOK

• Price action suggests a potential shorting opportunity near the pivot high.
  
• If price rejects resistance levels, expect downside continuation towards mid-pivot and lower TP targets.
  
• Buyers may step in near 1.75430, but further confirmation is required before a reversal is confirmed.
  
• Stop-loss placement at 1.80011 ensures protection against trend invalidation.
  

TRADING STRATEGY

• Bearish Bias: Look for short entries at sell order levels with TP at 1.76657 and below.
  
• Bullish Recovery Zone: Potential long setup near 1.75430 if bullish momentum develops.
  
• Risk Management: Maintain discipline by adhering to stop-loss placements to mitigate risk.