GBPUSD BULLISH SETUP

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GBPUSD BULLISH SETUPGBP/USDOANDA:GBPUSDrazashabbir218Support Bounce + Bullish Divergence πŸ” Market Structure Price has retraced into a key higher-timeframe support zone aligned with the 0.618 Fibonacci retracement. This level has acted as a strong demand area previously, and price is now showing signs of rejection. πŸ“‰ Momentum Confirmation A clear bullish divergence is visible on the 1-hour RSI, indicating weakening bearish momentum while price makes lower lows β€” a classic early reversal signal. 🧠 Trade Logic (Confluence-Based) βœ… Price bouncing from support zone βœ… Bullish RSI divergence on H1 βœ… Reaction from Fibonacci 0.618 βœ… Trendline support respected βœ… Risk–reward favorable 🎯 Trade Plan Entry: On confirmation above support (bullish candle close) Stop Loss: Below the support & recent swing low Target 1: 0.382 Fibonacci level Target 2: Previous structure high / trendline resistance ⚠️ Risk Management Risk only a fixed percentage per trade. Wait for candle confirmation β€” avoid early entries. πŸ“Œ Bias Bullish above support | Invalidation on strong H1 close below the zone