PANESSOTECH

GBPCAD provided us with bearish key levels to start the week. We have CT level being our first potential short at 1.67029. Should price violate CT, we will see price use this level as support and take it up to RT key level at 1.67863 which at that point we will be looking to take short positions should price action allow it. 

projection 1 & 2 provided. 

Shorts from CT 

Projection 1: 55 pips 

Projection 2: 85 pips

Shorts from RT

Projection 1: 138 pips

Projection 2: 168.3 pips

UPDATE:

Price broke above CT key level and made its way to our RT key level.  Which we did end up shorting and hitting projection 1 & 2

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