GBPCAD Retracement

GBPCAD has been on the rise for quite some time. Looking at the H1 and H4 charts one can say that there is a substantial retrenchment or pullback due. If this is true it would fall more than 100 pips to 1.72. There are some news releases that will happen in the coming week but nothing major. Let see how this will playout. I have removed the Fib Retraces as this over crowds the chart.
But I took the Fib 1.7056 and a second one at 1.714. And the percentage Retrace was 38 and 50 percent respectively

Newly started trading any feedback would be greatly appreciated.