GBP/CAD long then short , based on fib and structure

After setting the fibonacci retracement , we are expecting a retracement to the 0.236(1.74916) which is also support line for the previous structure. Also we can see a confirmation bar . When the price will the 1.74916 we are expecting the price to move down to the 1.414(1.72828) . This is confirmed by fib extension . The price will move down to the previous resist line structure. I think this is a great opportunity to take a trade. This all is also confirmed by pivot points, and we can see a oversold phenomenon on the RSI, so i think its 80-85% possible. Good luck traders. Hope you have great trading week.