GBPCAD | Daily Resistance Retest — Potential Bearish Reversal WaGBP/CADOANDA:GBPCADdarlwright11.5 GBPCAD has recovered from an established Daily support zone near 1.8740–1.8780 and is now approaching a significant resistance area around **1.8870–1.8930**. **What we're observing:** **STRUCTURE** - Price has returned to a resistance zone that has produced previous reactions. - The broader chart shows historical highs above current price, near the 1.9000 area. - The recent recovery has brought price back above the Daily 50 EMA. **MOMENTUM** - Daily momentum has accelerated upward. - We are NOT seeing a confirmed bearish momentum hook yet. - We will watch for momentum exhaustion, preferably divergence followed by a bearish hook. **VOLUME** - Recent volume readings are elevated, but we still need directional confirmation and strong volume across our execution timeframes. **WHAT WOULD TRIGGER OUR INTEREST?** 1. Clear bearish rejection within the resistance zone. 2. Confirmed bearish Daily momentum behavior. 3. 4H bearish divergence, hook, and structural alignment. 4. 1H bearish entry confirmation with strong volume. 5. A structural stop and an obvious downside target offering at least 2:1 reward-to-risk. **Current status: WATCHLIST ONLY — NO ENTRY SIGNAL.** A resistance zone is a place to observe price action, not automatically a place to sell. We'll let the market tell us what happens next. **Forex Academy | VMS 3.0** PREPARATION • EXECUTION • CONSISTENCY #GBPCAD #Forex #TechnicalAnalysis #PriceAction #Momentum #SupportResistance