GBPCAD: Retracement + Key LevelsBritish Pound/Canadian DollarFX:GBPCADRennalt_CapitalBias: Short Type: Against the trend Trend: Uptrend Area of Value: 2 Resistance Hits + Quarter Open Momentum: 1D MACD Histogram about to cross the Low Tide Entry: 1.87057 Exit: Stop Loss @ 1.88637; Take Profit @ 1.82317 Analysis: Fact 1: GBPCAD is in an uptrend as clearly seen it's Higher Lows and Higher Highs. Fact 2: GBPCAD is an uptrend respecting the trend line since 2023 . Fact 3: GBPCAD touches the key support level and the trend line simultaneously, before breaking into a new higher high. Conclusion Since GBPCAD is in an uptrend, and has not accomplished the facts of the past for reaching a new high which is to touch the key support level + touch the trend line. I believe that GBPCAD will retrace into the key support level @ 1.82300 and simultaneously bounce off the trendline before reaching a new higher high. Risk to Reward: 3