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GBPCAD: Bearish Targets Once It Breaks Trendline Support

Short
British Pound / Canadian Dollar (OANDA:GBPCAD)  
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OANDA:GBPCAD   British Pound / Canadian Dollar
Trend Analysis Chart Patterns Technical Indicators GBPCAD gbpcadshort gbpcadforecast gbpcadanalysis gbpcadsell gbpcadtradesetup gbpcadtrade gbpcadtradeidea
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trendanalysis chartpattern indicator gbpcad gbpcadshort gbpcadforecast gbpcadanalysis gbpcadsell gbpcadtradesetup gbpcadtrade gbpcadtradeidea
1. GBPCAD bounced from the falling channel's resistance
2. A weekly close below the critical support & resistance of 1.7250 area
3. Hidden Bearish divergence in play to push it further down
4. Now it's holding the rising trendline support

Trade Idea:
Sell trade will be triggered on a break of the rising trendline and successful retest as a resistance.
Target 1 is 1.6620
Target 1 is 1.6280

Invalidation: Break above the resistance of 1.7250

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