GBPCAD - Bullish Setup at Key Support Zone

The GBPCAD pair is currently approaching a significant demand zone that has historically acted as a strong support level, leading to bullish reversals. The recent downward momentum brings the pair into this area, where buyers might regain control.

A bullish confirmation, such as a strong rejection pattern, bullish engulfing candles, or long lower wicks, would indicate a potential upward move. If buyers step in, the price may head toward the 1.77424 level.

This setup suggests a possible short-term rebound in line with the broader market structure.
Trade active
Trade closed: target reached
snapshot

Target hit.

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