This chart shows the GBP/CAD pair on the daily timeframe, highlighting a strong bullish market structure characterized by Higher Highs (HH) and Higher Lows (HL).
Key observations:
Price is respecting the uptrend pattern with consistent HHs and HLs.
A key support zone is marked, acting as a potential demand area for price reactions.
The projection anticipates a possible retracement to the support zone, forming another HL before continuing the bullish trend.
Potential Plan: Monitor the price action around the support zone for bullish signals and confirmations to join the upward trend.