GBPCAD: Structure Based Trading Plan

GBPCAD is trading in a local bearish trend.

on friday 4H structure resistance was reached and from that, we expect a bearish continuation.

the price formed a double top with a lower high formation on 1h, confirming the strength of 4h structure and
now we are looking for a bearish violation (1h close below) of its minor support 1.735.

as soon as the above mentioned condition is met we can initiate a sell order.
depending on the desired r/r you can sell aggressively or on retest.

our goals:
1.7312
1.7265

if the market closes above the current 1H structure high, setup will be invalid.

good luck