GBPCAD is in a strong uptrend on the daily time frame especially after breaking the daily 100 sma and 200 sma awhile ago. After creating a new higher high on the daily price has retraced to the 38.2 fib level and closed testing the 1hr 200 sma. Over this week I will look for price to breakout of the trendline created by price on the 1hr and then i will enter on a breakout/retest of the 200 and/ or 100 sma. There is a lot of news on the pound this week and a little bit on usdcad however none of it is highly impactful so i expect price to continue up creating new higher highs. The arrows represent my predictions of price action.