On the daily timeframe, GBPCAD shows a potential bearish continuation setup.

Price is respecting the recent resistance zone and failing to break higher.

Bearish momentum is still dominant, suggesting further downside pressure.

My short position targets the 1.8440 level as the next support zone.

🔽 Entry: Around current levels

🎯 Target: 1.8440

🛑 Stop Loss: Above recent highs

This setup remains valid as long as price trades below the resistance area. Any retest or minor pullback could provide another selling opportunity.