short of GBPCAD
Updated
This pair was short because of the following reasons;
1. Overall trend on the daily chart is a downward trend
2. A break and retest of a H1 support now turned resistance
3. A Double top formation at retest of resistance
1. Overall trend on the daily chart is a downward trend
2. A break and retest of a H1 support now turned resistance
3. A Double top formation at retest of resistance
Note
4. The market also tests a psychological level of 1.71100
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