GBPCAD - What is it doing?

This pair is showing us bullish movements and here are a few things I see:
Higher Highs

Shown on higher and this timeframe

RSI Oversold

Most see this as an indication of price being bullish

Support

As seen at the current low, wicks, and candlesticks

Candlestick Patterns

Bullish Engulfing are being shown


Summary:
Price is finding support near our trendline, after creating a new low, if this candle closes above the trendline I assume the bulls are active. We might find some resistance pushing up from the previous bearish candlestick near the upper level inside the triangle.

The Goal:
Price will rise out of this zone/wedge created, retest our trendline with a bullish candlestick, and push up towards the 1.73576 area.

The Con:
If price happens to breach below our trendline, and retest with a bearish candlestick pattern, I'll assume a push towards our lower level will be the better entry.

What do you think about this analysis? Would you like to see more? Let me know in the comments, giving a like on this, or reaching out via Direct Message! - ecryptfx