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Short

GBPCAD Daily Chart (4 Nov, 2015)

FX:GBPCAD   British Pound/Canadian Dollar
37 1 3
Double Bearish Shooting Star formed at the channel resistance two days ago. Notice in the daily chart above, we have a market that is making lower highs and lower lows, this represents a descending equidistant channel. We looking for a chance to short the pair to trade with the direction of the equidistant channel. Once the sell is trigger, we would set our target at the latest horizontal support.
Agree. MY View on 4 Hour Chart:
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