GBP/CAD – Bearish Reversal Setup (1H Timeframe)

We’re currently observing the GBP/CAD pair, which has been in a strong bullish trend. However, clear signs of a potential reversal are now forming.

A classic Double Top pattern has emerged on the 1H chart, supported by bearish divergence — both indicating weakening bullish momentum. With this confluence, we anticipate a trend reversal from bullish to bearish and are preparing a sell trade setup accordingly.

🔹 Pair: GBP/CAD
🔹 Timeframe: 1H
🔹 Trend: Bullish (reversal expected)
🔹 Pattern: Double Top
🔹 Divergence: Bearish
🔹 Bias: Bearish
🔹 Entry (Sell Stop): 1.87077
🔹 Stop Loss: 1.88371
🔹 Take Profit 1: 1.85783
🔹 Lot Size: 0.21
🔹 Risk/Reward: 1:1
🔹 Risk: $200
🔹 Potential Reward: $200

🎯 Strategy: Entry will activate only after a confirmed break below the neckline of the double top. Risk is controlled with a clear stop-loss and 1:1 reward setup.

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