GBPCAD Structure: Key Levels & Trade Plan

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Main Trend: Price has been moving inside a strong, long-term ascending channel. Buyers have consistently stepped in at the bottom boundary (March, May, and September), creating higher lows.

Right now, price is consolidating inside a temporary descending channel (bull flag).

Reaction Level: Price recently bounced perfectly off the lower boundary near 1.8650, showing that buyers are still defending this key support area.

Bullish Continuation
Trigger: A daily candle close above the upper boundary of the descending correction.
Target: 1.9200 – 1.9300

Let the market confirm the breakout above before jumping long, or watch for a drop toward the 1.8320 support floor to catch a lower demand entry.

Always manage your risk properly!

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