GBP/CAD May Start Falling

The overall GBP/CAD bullish movement has lasted for about two weeks now but the question is whether this movement will continue considering the candlesticks the pair has formed both on the four-hour and the daily time-frames. Namely, on the four-hour time-frame there is a clear shooting star candlestick and then a spinning top candlestick, both below the resistance at 1.7335. On the daily time-frame there is another shooting star candlestick, also below that resistance level. All these candlesticks are signals for a move to the downside, and the one on the daily time-frame especially is a signal that there may even be a reversal. If such a move to the downside begins the first target will likely be around 0.7200, and if there is a breakout below that level the pair could continue falling towards 1.7070, which is the (MA)89 indicator on the four-hour time-frame.