Gbpcad is looking good to short here as there are following reasons to short it
Reasons:
Trend is bearish
Market moving is downward channel
Moving Averages compression
Market holding at this area for a long time
Market breaks up and then starting to come back down again
Very sloppy vertical upward Trend line
Institutional traders likes these high reward trades
Reasons:
Trend is bearish
Market moving is downward channel
Moving Averages compression
Market holding at this area for a long time
Market breaks up and then starting to come back down again
Very sloppy vertical upward Trend line
Institutional traders likes these high reward trades