GBPCAD: Is the price going to BREAK soon its MAIN TRENDLINE?

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🟢Forex Pair:
GBP/CAD

⚪Technical Analysis:
Since the 20th of January 2021, the price has been moving with a clear uptrend, reaching a strong weekly resistance zone at about 1.76500, that rejected the price many times in the past.
On the level, the price got a rejection and it is currently on a daily S/R zone at about 1.74300, very close to its main trendline.
The next price action around that zone will be essential to understand the next market movement.

🔴Conclusion:
In the past, the price reached many times its strong weekly resistance at about 1.76500, getting a strong and quick rejection on that level.
I'm confident to see the price breaking through its S/R zone at 1.74300, continuing its bearish movement until its next support zone.
I'll be waiting for the breakout of the main trendline before planning my short position on this trade.

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⚠️Please note the views are not investment advice and should be used only for educational purposes⚠️

Trade Safe and Responsibly,
Gianni