GBPCAD 4-Hour Chart Analysis

This chart shows a potential long setup on the GBP/CAD pair. After a recent downtrend, price appears to have found support near 1.7780, forming a potential reversal zone. A bullish entry was placed, with a stop loss just below recent support at 1.7724 to manage risk. The target zone is around 1.7906, which aligns with a previous resistance level.

The risk-reward ratio for this trade suggests an opportunity for gains if the uptrend continues. Watching for price action confirmation in this zone to validate the reversal setup.
Trend Analysis

Pernyataan Penyangkalan