GBPCAD is in a bearish trend, forming a series of lower highs and lower lows. The price is currently around the bearish trendline. A short position can be considered, with a stop loss placed above the last lower high and a target set at the most recent low.
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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.