GBPCAD Descending Triangle at Trend Resistance

GBPCAD is forming a descending triangle near the intersection of its trend resistance (red line), shorter term trend support (blue line), and the structural resistance formed by the range the pair maintained from November to early January.

I've positioned myself with a sell stop order below the bottom of the descending triangle in order to catch a bearish break, should it occur.

Trade active:

Trade entered slightly higher than shown just below the previous lows. SL moved higher above recent structure high. Bearish pin bar on weekly chart supports downward momentum.