GBPCAD: Easy short at market

GBPCAD has a good setup to enter shorts and aim for a retest of the flash crash low, it's right at resistance and coiling in the short term, to form a rapid decline very soon. It's also a good proxy to ride a USDCAD retracement, on the back of rising oil, whilst also profiting from the weak Pound, which will see relentless selling in the intermediate term.

Good luck!

Ivan Labrie.

Comment:

Comment:

Check out $GBPCAD:
s3.amazonaws.com/tra...shots/e/EYqDelpN.png
it did fall by London open, then retested the downtrend mode in 1h
now down again.