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Gbpcadbuy

GBPCAD: Final Drop to Key Support Before Major ReversalThe wave Principle strongly suggests the currency pair is currently in the final stages of a large decline, which is expected to precede a major, sustained upward move. Completion of Correction: The pair has recently completed a complex, sideways corrective pattern (such as a triangle or flat), marking the start of the final downward push. Final Downward Leg: This ultimate decline, labeled wave (C), is now underway and is projected to drive the price into a critical support zone. Target Zone: Traders are watching two key targets for the end of this correction: the 0.618 Fibonacci extension near 1.8162 and the deeper 0.786 extension at 1.8062 . Anticipated Reversal :Once the price successfully completes this wave (C) and holds support within the 1.816 to 1.806 range, the analysis anticipates the immediate start of a significant and powerful bullish rally. The current market price is still trading above this projected support zone, indicating that the final downward leg has room to run before the setup for the major reversal is complete. Stay Tuned :) @Money_Dictators
by Money_Dictators
GBP/CAD Bullish Setup:Targeting 1.86500 from Demand Zone SupportTrendline ➡️ Price is respecting an upward trendline 📈 connecting higher lows 🔵 (marked by dots). Channel ➡️ Price is moving inside an ascending channel 🚀 (controlled bullish movement). EMA (70) ➡️ The red curve ➰ is the 70 EMA. Price is near it — showing indecision but still respecting it ⚖️. Demand Zone ➡️ A strong demand zone 🔵 is marked between 1.8400–1.8440 where buyers jump in 🛒 whenever price touches it. Support Zone ➡️ A nearby support zone 🛡️ is around 1.8480–1.8500. It's acting like a stepping stone 🧗‍♂️ for price to climb. Target ➡️ The target 🎯 is clearly marked at 1.86500 — aiming for a nice breakout! 🚀📈 Summary 🔵 Stay above the demand zone ➡️ good for buys! 🛡️ Watch the support ➡️ could be a retest and bounce! ❌ If price breaks below demand zone, the setup is invalid ⚠️. Simple Trading Plan: ✅ Buy near 🔵 demand or 🛡️ support. ✅ Target 🎯 1.86500. ❌ Stop Loss below 🔵 1.8390 area.
Long
by Jameshead007
2
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
Long
by Jameshead007
"GBP/CAD Bullish Setup: RBR Zone Bounce with 4:1 RRR "Trend: ⬆️ Bullish Trend – Market is making higher highs and higher lows, signaling upward momentum. Key Zones & Levels 🔵 RBR Zone (Rally-Base-Rally) This is the buy zone or demand area 📍Zone: Between 1.83927 and 1.83390 📌 Action: Look for bullish candles or patterns here 🟠 Entry Point 🔽 Entry: 1.83927 ✅ This is where you consider going LONG ❌ Stop Loss 🔽 Stop: 1.83390 🛑 Protect your capital here if price drops below this zone 🎯 Target Point 🔼 Target: 1.86500 💰 Take profit zone Possible Move 1. ⬇️ Pullback into RBR zone 2. 📈 Bullish bounce from the zone 3. 🚀 Upward rally toward 1.86500 Risk to Reward ⚖️ RRR: ~4:1 – Nice balance of risk vs potential profit! Visual Flow 🎯 Target 1.86500 🔼 | | 🚀 Price rallies up | 🔄 Pullback | 🔵 RBR Zone 🟠 Entry: 1.83927 | ❌ Stop: 1.83390
Long
by Jameshead007
GBP/CAD Bullish Breakout Setup:Demand Zone Rejection with 1.84201. 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
Long
by Jameshead007