GBPCAD Trade Setup: Bulls Re-Enter from Blue Box
In the last update on GBPCAD, we discussed a bullish trade setup from the blue box. The pair had just concluded a 3-swing pullback from the March 2025 high. Prior to that, at the top of the March 2024 high, price had just completed wave ((3)) within the clear bullish sequence from the low of September 2023. Thus, the path for ‘buy the dip’ came after price surged above the December 2024 wave ((1)) high after over five months of sideways/choppy price action. If you have been reading our previous posts, you’d know we like buying pullbacks with a bullish sequence. Likewise, in a bearish sequence, we like selling bounces. Pullbacks/bounces evolve in a 3, 7 or 11 swing structures.
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