GBPCAD Daily Analysis

GBPCAD Daily Analysis & Trade Setup 📉✍️

Introduction:

The GBPCAD daily chart is displaying a bearish outlook, with price reacting from a key supply zone (Order Block – OB) and showing signs of rejection. The market recently tapped into a higher-order block before initiating a downturn, suggesting that sellers are gaining control.

Key Observations:

🔹 Break of Market Structure (BMS): The structure has shifted bearish, indicating a continuation to the downside.
🔹 Order Blocks (OB):

• Upper OB (~1.8200 – 1.8250): Strong rejection from this supply zone confirms bearish pressure.
• Mid OB (~1.7900): A smaller bearish OB where price may react before continuing down.
  🔹 Liquidity Sweep ($$$): The market has grabbed liquidity, possibly fueling the next leg down.
  🔹 Daily Demand Zone (~1.7350 – 1.7400): The next major target for bears.

Trade Setup Idea:

✅ Entry: Look for price to reject the mid OB (~1.7900 – 1.7950) with bearish confirmation (e.g., rejection wicks, bearish engulfing candle).
✅ Targets:

• Short-term: 1.7700
• Mid-term: 1.7500
• Long-term: 1.7350 (Daily Demand Zone)
  ✅ Stop-Loss: Above the mid OB (~1.8000) to protect against bullish invalidation.

Conclusion:

The bias remains bearish unless price reclaims 1.8000+ and starts forming higher highs. The setup offers a high-risk-reward opportunity with a clear trend continuation. Patience is key—wait for confirmation before executing trades! 📊🔥