GBPCAD Daily Chart (4 Nov, 2015)
Double Bearish Shooting Star formed at the channel resistance two days ago. Notice in the daily chart above, we have a market that is making lower highs and lower lows, this represents a descending equidistant channel. We looking for a chance to short the pair to trade with the direction of the equidistant channel. Once the sell is trigger, we would set our target at the latest horizontal support.
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