GBPCAD Shows bullish MACD Divergence on the daily, based on three points, so we could expect an upmove. I'll post the daily chart in the comments.
On the 4 hour (this chart), we can see a structure that would end up in a breakout. I'd say that the small flag (blue lines) would go down to retest the bottom blue line, and then it could break out to the upside. If we look at the previous impulse (900 pips in 10 days), we could expect a nice move in the next weeks.
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Entered short for a short-term position. Then, big impulse to the upside.
Order cancelled
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First short cancelled - breakout occured -> not taking the position yet, waiting for pullback
Trade active
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Bought on the .618 retracement!
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Lower on the 78.6% - Counted as if it touched the trendline (lower-low) Breakout occurring!