GBP/CAD Bullish Reversal Setup – Demand Zone Playbook

Apr 20

Bias: Bullish 📈

Key Zones & Levels:

🔵 Demand Zone:
* Area: 1.83024 - 1.83527
* Role: Strong support where buyers previously entered

✅ Entry Point:
* 1.83527
* Right above the demand zone — wait for price to retrace here

🛑 Stop Loss:
* 1.83024
* Below demand zone — protects against a breakdown

🎯 Target Point:
* 1.85280
* Upper resistance level — offers ~3:1 reward-to-risk ratio.

Structure & Indicators:

📏 Bullish Flag/Channel:
* Price is consolidating inside a small ascending channel
* Orange arrow suggests potential drop to demand zone before rising

🧭 EMA (7-period):
* Currently at 1.84020
* Price above EMA = short-term uptrend still intact.

Trade Plan:

1. ✨ Wait for price to dip into the demand zone

2. 🕵️‍♂️ Look for bullish signals (candlestick patterns or bounce)

3. ✅ Enter around 1.83527

4. 🛑 Stop loss at 1.83024

5. 🎯 Target 1.85280

Apr 27

Trade closed: target reached

Apr 27

Note

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