GBPCAD Breakout trade

FX:GBPCAD   British Pound / Canadian Dollar
- Price has broken below the daily channel and already retraced to previous dyamic support line which is now acting as resistance, 4 hourly engulfing bar after price hit resistance showing bearish move taking over.
- Good opportunity to short with target indicated by the arrow - move could be larger to the downside but don't want to make prediction and be greedy.
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