GBPCAD – Approaching Key Support Zone & Corrective Structure | May 14

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Chris Capre’s current live price action and ichimoku trades: EURUSD, GBPUSD, AUDJPY, CHFJPY, EU50

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GBPCAD – In Large Corrective Structure, Near Key Support Zone (4hr chart)

Price Action Context

Still in a large corrective structure since late February this year, the pair has been stuck between 1.73 and the high 1.77 range with several touches on both sides. For now, I’m playing both sides of this structure until we get a daily close on either side.


Trending Analysis

MT structure is neutral with LT bias mildly bullish, while ST GBP pairs have been under pressure.

Key Support & Resistance Zones

R: 1.77-1.78

S: 1.73-1.74

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