GBP/CAD Bullish Reversal Setup – Demand Zone PlaybookBias: 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
