GBP/CAD - H4 - Bearish Channel points toward 1.8660 supportGBP/CADOANDA:GBPCADKABHI_TA_TRADINGSetup Overview : GBPCAD GBP/CAD remains inside a broad descending channel, with price rejecting the upper channel resistance near the bearish order block. The recent cloud cross and lower highs reinforce the short-term bearish structure, keeping pressure toward the lower support levels on the chart. -------------------------------------------- ✅ Possible Trading Plan : Bearish A bearish continuation setup is favored while price remains below the descending channel resistance and the bearish order-block area. Key Levels : 🔴 1st Support : 1.86605 🔴 2nd Support : 1.85873 🟢 Resistance Zone : 1.8930 – 1.8955 ----------------------------------------------- 💡 Fundamental Key Points & Live Headlines: (16.08.2026) ✅ Canadian dollar retains support: The loonie has recently traded near an eight-week high against the US dollar, helped by stronger oil prices and Canadian economic data. ✅ The next UK data releases could quickly change sterling sentiment: Labour-market data are due August 18, followed by July CPI on August 19, making the coming sessions particularly important for GBP direction. ------------------------------------------------ Disclaimer This analysis is provided for educational and informational purposes only and does not constitute financial advice. ✅ Off to you: Would you sell gbp/cad from the current channel structure, or wait for a deeper retracement into resistance? Let me know your bias in the comments.