GBP/CAD Short

Looking short back into the range and down to daily support levels. I am a little worried about the recent break of the weekly trendline to the upside and the break above weekly resistance levels. But the pair has been range bound for the last few months with the 20 period moving average still sitting pretty low and I think a pullback down into the range is less likely than an extension. Stop is above the next daily resistance level, so if it goes a little higher I am hoping it will stall out at that resistance level. The bias for me on this one is bullish because of the most recent breaks in the weekly level and trendline, but a short term pullback is possible and I am leaning toward the bears for this swing.

-Solid black lines are weekly levels support/resistance (major)
-Dotted black lines are daily levels support/resistance (minor)


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