GBPCAD SELL TRADE PLANBritish Pound vs Canadian DollarICMARKETS:GBPCADjibkhan111PAIR: GBPCAD DATE: 24 Feb 2026 PLAN ID: GC-240226-V6-02 Analysis Time (UTC): 16:30 ⸻ 1) TRADE INTENT Sell the break-retest into premium supply, targeting continuation back into lower liquidity. ⸻ 2) PLAN OVERVIEW Market State: Trending Trade Model: Breakout-Retest (Model 3 — Breakout → Retest → Expansion) Direction: SELL Horizon: Swing Setup Grade: A Plan Status: VALID ⸻ 3) LEVELS CARD (Execution Section) Setup Status Price State: NEAR Operator Mode: CONFIRMATION Zone Status: Valid Retest Pending Risk & Confidence Confidence: 71% Risk Per Trade: 1.0% ENTRY PLAN (Final Refined Version) Primary Entry (Higher Probability — preferred execution) Entry 01: 1.8558–1.8578 Stop Loss: 1.8622 TP1: 1.8495 TP2: 1.8422 TP3: 1.8355 Reason: H4 down-leg with a clear retrace back into the breakdown/retest supply band, with clean room back to the Feb 20 liquidity lows. Pre-Entry Invalidation: H1 acceptance and hold above 1.8605 Trigger Required: M30 bearish shift at the zone (rejection + displacement OR CHOCH/BOS) Session Preference: London / NY Overlap Order Type: Market after confirmation Execution Rule: • Enter only after trigger at the zone; no trigger = no trade. ⸻ 4) MARKET CONTEXT •H4 structure remains bearish from the February peak, with pullbacks selling into prior decision areas. •Price is rallying into a key breakdown/retest band near 1.8560–1.8580. •A clean rejection here keeps downside as the dominant draw back toward the Feb 20 lows. •Acceptance above 1.8605–1.8622 invalidates the retest-sell thesis. ⸻ 5) FUNDAMENTALS & NEWS Verdict: UNCONFIRMED Action: WAIT Key high-impact risk (next 3–5 days): • CAD Corporate Profits q/q • CAD Current Account • BoE speaker risk (GBP) News Blackout Gate: No new entries 15m before / 60m after red events (extend to 90m if volatility remains unstable). ⸻ 6) EXECUTION PROTOCOL If FAR/NEAR → Wait for zone If IN ZONE — no trigger → Wait If IN ZONE — trigger printed → Execute If MOVED AWAY / INVALIDATED → Stand Aside / Cancel Rule: “A valid setup may exist even when no trade is active yet; follow the plan and wait for price and confirmation.” ⸻ 7) RISK & POSITIONING Risk 1%; reduce if already exposed to GBP or CAD elsewhere. ⸻ 8) CONFIDENCE SUMMARY Bearish H4 structure, a clear break-retest supply band in premium, and an open path back to sell-side liquidity support the continuation sell once M30 confirms rejection. ⸻ 9) FINAL EXECUTION NOTE I will treat this as a classic retest sell: price must tag 1.8558–1.8578 and print a decisive bearish shift; if it wicks through and then holds above 1.8605, I cancel immediately and wait for a cleaner structure.