So here is why you should short GBPCAD:
-Downtrend
-Fib retracement at 50% level
-Falling wedge (we are currently at its topper length)
-Bearish Engulfing candle
-Moving averages crossed
-High sup/res zone (orange line where candle closed bearish)
-Downtrend
-Fib retracement at 50% level
-Falling wedge (we are currently at its topper length)
-Bearish Engulfing candle
-Moving averages crossed
-High sup/res zone (orange line where candle closed bearish)