The pair has broken the 4hr trendline. The pair could be retesting the trendline before going higher or could be a fakeout. The 1hr candles display a weakness in the bulls. I will be waiting for confirmation of retest/break before possibly entering.
GBPCAD has reached a key resistance level of 1.17500. On the daily chart, we can see the pair printed 2 Doji candle's which may indicate buyer pressure isn't has strong as it was. I will be looking for short trades!
The pair had bounced off 1.13000 (support) and shot up back into the trend line, confirming a false breakout. Waiting for a retest on key level 1.13800, if bullish confirmation is presented - will be looking for long opportunities to the 1.15000 area.