GBPUSD 4H – Bullish Setup from Demand Zones

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GBPUSD 4H – Bullish Setup from Demand ZonesGBP/USDOANDA:GBPUSDFXSMARTTOn the 4H timeframe, GBPUSD is trading near key demand zones aligned with Fibonacci retracement levels. I am watching two potential long entries. Key Demand Zones: Demand Zone 1: 1.34260 (Aligned with 61.8% Fibonacci) Demand Zone 2: 1.33700 – 1.33800 (Aligned with 78.6% – 86.6% Fibonacci) Target: 1.36200 Trade Plan – Long Setup: I am waiting for price to reach one of the demand zones. After seeing bullish confirmation on a lower timeframe, I will enter long. Entry Zone 1: 1.34260 (after confirmation) Entry Zone 2: 1.33700 – 1.33800 (after confirmation) Stop Loss: Below the demand zone structure Take Profit: 1.36200 Invalidation: Price breaks below 1.33500 with strong momentum Pro Tips: 1. Do not chase price. Wait for price to come to demand zones. 2. Fibonacci levels add strong confluence to these demand zones. 3. Always wait for lower timeframe confirmation before entering. 4. Patience is key. My Personal View: I am watching 1.34260 and 1.33700 – 1.33800. If price reaches either zone and shows bullish confirmation, I will look for longs toward 1.36200. If price breaks below 1.33500, I will re-evaluate. Not financial advice. Trade at your own risk. Tags: GBPUSD, Forex, Bullish, DemandZone, Fibonacci, PriceAction, TradingView