The GBP/CAD trend analysis is shown below. This pair is trending down on the W1 time frame. It has a current support level and price alert point at 1.9515. Traders can set an audible price alert there.
After the price alert hits look for a verification sell signal on The Forex Heatmap®. We see no nearby support below there and substantial pip potential down to the 1.8550 area, or possibly lower. Both the alert price and next major support area are noted on the trend analysis chart below. This analysis demonstrates how we prepare our daily forex trading plans for 28 currency pairs. We trade with the major trends of the forex market.
GBP/CAD Trend Analysis