CADGBP, Bullish Structure-Setup, Objections Upcoming!

Hello,

Welcome to this analysis about CADGBP, we are looking at the 2-hour timeframe perspectives. CADGBP in the recent times has shown up with great developments that are building the foundation for increased upcoming volatilities. Therefore, as when looking at my chart we can watch there how CADGBP has formed this main ascending-channel-formation with the coherent wave-count within the formation and the waves A and B already almost completed. Now with the wave B CADGBP moved directly into the confirmational-bounce-zone marked in blue in my chart where CADGBP has appropriate support and as CADGBP now bounced within this support this is the confirmation for further bullish developments especially finishing the local bull-flag marked with the dashed grey trendlines. In upcoming times we can expect CADGBP to increase with bullishness and continue with the wave C development till the dynamic-target-zone marked in orange in my chart has been reached and once this happened it will be crucial as CADGBP will more likely reverse in this structure because of the slightly overbought conditions omnipresent in this case, what happens after this and if CADGBP protracts its pullbacks, especially on how this can happen has to be shown then.

In this manner, thank you for watching my analysis about CADGBP and its main ascending-channel-formation structure with the upcoming bullish determinations to consider, support the analysis with a like and follow or comment for more market insight!
"Good luck is when opportunity meets preparation."

Information provided is only educational and should not be used to take action in the market.

Comment:

ANALYSIS UPDATE: CADGBP completed the main channel breakout with an accelerated development to continue with the wave-C extension.