Solid TCB setup for GBPCAD

✅ Trend (HTF Bias)
D1 and H4 are likely bullish (based on prior swing structure and channel direction).

The price was respecting the ascending channel until this sharp breakdown.

✅ Countertrend
A rising wedge / ascending channel is clearly visible.

The recent impulse down broke structure cleanly — textbook countertrend break.

✅ Breakout
Price has broken below the lower ascending trendline.

It’s now retesting the zone at ~1.8700–1.8710 (highlighted).

If this retest holds, it’s a high-probability sell setup.

📊 Total Score: ~95% TCB Trade Quality

🧾 Execution Thoughts:
Entry: Current price (~1.8701) after retest rejection.

SL: Just above 1.8730–1.8740 (above retest wick).

TP: ~1.8675 zone (bottom of the zone), for ~2R.

🔔 Verdict:
✅ It’s a solid TCB setup: Retest after clean break of structure, inside HTF channel break, with decent R:R.
You may wait for a confirming bearish candle

Trigger: Wait for bearish engulfing / rejection wick confirmation.