GBPCAD follows impulse-correction pattern all the way down to daily level. Moving avregaes are clearly (at all degrees!) pointing downwards, the latest correction being contained by 0.381 retracement level. It is difficult to say if it is over or not, but one should be alert for upcoming low risk shorting opportunities
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.