This GBPCAD market has broken the daily level of 1.66 on last wednesday candle closing. Now the market is trying to retest this level. I am looking for a bearish price action signal near 1.66 to go short on this pair because 8/21 EMA is also indicating me a strong bearish market plus from 1st May the market has started a bearish flow and making lower highs and lower lows.
Lets see how market unfolds and give us trade in next week!!!