GBP/CAD Bullish Breakout Setup:Demand Zone Rejection with 1.8420

Apr 14

1. Trendline Breakout
🔻 Downtrend line (from earlier highs) was broken
➡️ Suggests momentum shift from bearish to bullish.

2. Demand Zone
📦 Demand Zone: 1.8130 - 1.8160
🟦 Strong buying interest here
🔁 Price bounced multiple times
💪 Bulls are defending this area!

3. Resistance Zone
🟥 Resistance near 1.8250
🔼 Price is currently testing this level
🚀 Break above = bullish confirmation

4. EMA (7)
📈 EMA7 = 1.81977
🟡 Price above EMA = short-term bullish momentum

5. Target Zone
🎯 Target Point = 1.8420
🔵 Move = +264.8 pips (1.46%)
📊 Bullish projection if breakout holds

6. Price Action
⏳ Price has been consolidating
🧱 Building pressure in a tight range
💥 Breakout candle forming – watch for volume!

Summary

✅ Bullish Setup forming

🟦 Support strong at demand zone

🔁 Testing resistance

🎯 Breakout may lead to a push toward 1.8420

Apr 16

Trade closed: target reached

Apr 16

Note

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