GBPCAD Rebound From the 200 SMA

When we look at the GBCAD pair on daily basis, we can clearly see that 200 SMA is storng resistence and the last price action was the third rebound from this MA. There is a nice daily pin bar over the 200 SMA and an important fibonacci level. I expect a downward movement through the 1,7965.

Target: 1,7965
Stop Loss: 1,8255