GBPCAD SHORT

The GBPCAD is currently demonstrating a downside breakout, supported by increased trading volume. This setup might present an attractive opportunity for swing traders to consider. However, establishing an appropriate stop loss (SL) may require a slightly elongated placement due to the presence of discernible significant tops within the 4-hour timeframe. The unfolding price action will provide more clarity on the viability and potential outcome of this trade setup.