GBPCAD is finally showing a compelling bullish setup, with price beginning to build a bullish market structure from a daily demand zone. The higher-timeframe trend also remains bullish, adding confidence to the overall outlook.

Price is approaching a fresh H1 demand zone, which could provide the foundation for the next leg higher.

Around the 1.90400 level, there's a pool of liquidity resting above resistance. That liquidity could act as a magnet, attracting price toward higher levels as long as buyers remain in control.

This fresh H1 demand zone could serve as the launching point for a move toward that liquidity and potentially a new higher high.