GBPCAD - Now Follow the Bulls!

Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.

As per our last GBPCAD analysis, attached on the chart, it rejected the red circle and traded lower.

What's next?

📈 GBPCAD is currently approaching the lower bound of the channel.

Moreover, the blue zone is a strong demand.

🏹 Thus, the highlighted blue circle is a strong area to look for buy setups as it is the intersection of the blue demand and lower orange trendline.

📚 As per my trading style:
As #GBPCAD approaches the blue circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)

📚 Always follow your trading plan regarding entry, risk management, and trade management.

Good luck!

All Strategies Are Good; If Managed Properly!
~Rich