GBP/CAD has been rejected by the daily trendline and it is looking as though it will get rejected again, once that rejection occurs I would expect prices to move below the orange trendline to restest the support zone before potentially moving back up to breaking the daily trendline
The price looks like it will move up according to the trendline break and the Daily time frame structure.
However I will expect consolidation before it breaks the daily trendline and once it does break it, I believe it should then move up quite rapidly
Right now it has closed above the resistance and the trendline. The thing I am looking for right now is further consolidation before the price moves up again or if it hits the entry target then I will enter.
However the price might go below the resistance level again and maybe come back up stronger
Seems like its been rejected by the daily trendline and its heading down towards the 4HRS trendline. If it breaks both trendline + support level I would expect prices to consolidate and come up to tests the resistance again before heading down towards the 1.27900 levels
If prices can break and close above the daily trendline(blue) and closes above the resistance then I believe that a big move can occur judging from the 4HR chart and the DAILY chart.
However I would be expecting prices to consolidate after it has broken and trendline and we'll have to wait and see what happens ...