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.
Gbpcadtradesetup
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
GBPCAD - FALSE BREAKDOWN SIGNALS MORE UPSIDESymbol - GBPCAD
CMP - 1.8150
The GBPCAD pair is currently exhibiting a false breakdown of its trend support. In the context of a weakening US dollar, the British pound has entered a rally phase, which is advantageous for the currency pair.
Fundamentally, the outlook is favorable for both the GBP & CAD, given the ongoing depreciation of the dollar. During the current corrective phase, the pair is testing support levels without the potential for further downward movement. This correction is likely to conclude with a false breakdown and subsequent consolidation above the support level, within the established channel. If the bulls manage to maintain defense above the 1.8144 - 1.8230 range, the uptrend is expected to resume.
Key support levels: 1.8150, 1.7978
Key resistance levels: 1.8233, 1.8379
Given the prevailing uptrend, the relative strength of the currency pair amidst a weak dollar, and the occurrence of a false breakdown at support, it is reasonable to conclude that downward price movement is unlikely. Therefore, it is prudent to consider potential continuation of the uptrend.
GBP/CAD - BUY ZONE 1.73000-1.73100 - BUYS CONTIUATION Looking to buy gc from the region of interest
Can see gc has been looking to push higher to minor resistance we could see one more correction to our buy zone there is a candle imbalance I will be looking at buying at this point
Confluences on buys on GBP/CAD
1. In consoldation but it looks to go higher overtime looking at minor resistance as a target
2. 78% - could come back into this region orders have been Collected in the past
3. S1- intraday 20/01/20
4. orders in this area
5. ma's looking bullish
reasons for targets (TAKE PROFIT)
1. -0.50
2. r2 intraday
3. close to minor resistance
4. APM maxed out
BUY LIMIT - 1.73000-1.73100
STOP LOSS - 1.72950
TAKE PROFIT -1.74100
RISK TO REWARD 1:7
DO NOT ENTER THIS TRADE IF WE BREAK BELOW OUR STOP LOSS THIS TRADE WILL BECOME INVALID
( PRICE CAN GO STRAIGHT UP SO WE MIGHT GO TO TP BEFORE OUR ORDER GETS FILLED)
Breakdown from Ascending Broadening WedgeGBPCAD after retracing 38.2% of the 6th May to 12th august trend has now fallen below the ascending broadening wedge pattern, which makes it vulnerable to selling up to 1.60690. The stop loss for the trade will be above the high of the previous session i.e. at 1.63747.