GBPCAD Bearish setup, though not for long,

This week, I'll be looking forward to going short on this pair. I'll give an update once it gets to my target. There is a possibility that the pair will rally to 1.29984. How the price gets to that point is very crucial in determining the direction which the market will take after the completion of the pattern.

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Sorry guys, I mixed the value with GBPUSD. Ignore the 1.29984, and focus on values on the chart(1.72142). My apologies for the mixup.