InvestingScope
Short

Lower High hit. Now going for a Lower Low. Short.

FX:GBPCAD   British Pound / Canadian Dollar
The price rose to a 1.7200 Lower High on the 1W Channel Down ( MACD = -0.011, B/BP = -0.0036) and the neutral RSI , Highs/Lows most likely indicate that the current level on GBPCAD will accumulate sells. We now expect the short TP = 1.64002 to be realized as the Channel should resume the downtrend to price a new Lower Low.
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