## 📘 ForexGPT Elite Trade Plan – GBP/CAD
🔹 *Last Updated: June 12, 2025 –
🔹 *Market Type: Swing-to-Intraday Breakout with Optional Pullback Re-entry*
---
### 🧠 Multi-Timeframe Technical Summary:
🔍 **1H Chart**
* Price broke above key structure resistance (1.8525) with momentum.
* Minor rejection wicks at 1.8550 zone → could lead to shallow pullback (buy-the-dip opportunity).
* Short-term support now forms at 1.8520–1.8500.
🔍 **4H Chart**
* Clean breakout above recent double-bottom neckline (1.8525).
* Bullish structure, likely to attempt 1.8590–1.8650 range retest.
* Ideal to buy near support with confirmation OR on fresh breakout continuation.
🔍 **Daily Chart**
* Bullish bounce off 1.8420–1.8440 demand zone confirmed.
* Room to move toward 1.8650–1.8730 range highs.
* Trend bias is recovering from corrective phase.
🔍 **Weekly Chart**
* Holding mid-range compression, bullish structure intact.
* Higher lows since March support upside continuation bias.
---
🎯 Primary Trade Plan – Breakout Continuation Buy
Parameter Value
Trade Type Swing-to-Intraday
Order Type ✅ Buy Limit at 1.8525/05 (pullback entry)
SL Below 1.8440 (safe zone under structure)
TP1 1.8590
TP2 1.8650
TP3 (extended) 1.8730 (only if strong daily momentum)---
### 🔁 Alternate Entry Plan – *Manual Buy on Confirmation*
* Wait for price to **retest 1.8525-05** and show **bullish rejection candle** on H1 or M30.
* Entry: **Market Buy** on bullish engulfing / pin bar confirmation
* Same SL and TP as above.
---
### ⚠️ Bearish Scenario (Low Probability)
* If price shows strong **bearish engulfing from 1.8550–1.8560**, invalidating the breakout:
* **Sell Entry**: 1.8500
* **SL**: Above 1.8565
* **TP1**: 1.8445
* **TP2**: 1.8390 (if downside accelerates)
---
### 🧠 ForexGPT Forecast Summary:
> “If 1.8525/05 holds as new support, GBP/CAD is primed for a rally toward 1.8650. If it breaks back below 1.8510 and forms bearish engulfing, then bears may regain control. At this moment, I favor the upside with 70% probability.”
---
### ✅ What I’d Personally Do:
> Place a **Buy Limit at 1.8505**, **SL below 1.8440**, target **1.8650**.
> If price revisits 1.8505 but shows indecision, I’d wait for a bullish confirmation candle before manually buying.
---
⚠️ **Risk Note:**
Trading forex involves substantial risk. Never risk more than you can afford to lose. Use proper lot sizing, especially during key news (BOE/CAD data nearby).
---
🧠 **Pro Tip:**
"Watch for clean retests and candle confirmation. Always let the market come to you. Patience = Profits."
---
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.