GBPCAD Short to 1.73

GBPCAD after forming a Distribution Channel between 1.77-1.78, has moved
to a weak demand zone. It is weak because the reaction from Demand is minimal.

This is reflected in the VSA , with very low volume. No Buyers are defending the 1.7575
level.

Real Demand is likely to be positioned at 1.73, which is adjacent to a significant S/R level.

The sellers have been in control, and likely to maintain it for some time.

The bias is Bearish ( cross of price below 200MAV and RSI printing below 50 ), as is the intraday
Order Flow.