GBPCAD is a what I call a Setup 1 Short Short
British Pound/Canadian DollarFXCM
Description
⋅ This is a good setup one short.
We see a long sideways consolidation period and currently it is breaking below it.
The Pound Sterling had interest rates news announced today and it would appear the pound is wreaking against the USDCAD
Also a pullback Short on the GBP/USD