As described I am watching price to break this high formed if we can see this I will be looking to get in around the 1.76153 level for a sell. Following my strict trading plan all confluences have to line up. We don't trade off one idea. my Overall bias on GBPCAD is Bullish but I believe we are in a consolidation phase and this is a slight retracement within the consolidation.
Beyond Technical AnalysisTrend Analysis

Disclaimer