GbpCad - Short is so obvious.

1 Jun 2020

I see this pair is quite interesting. After it broke the Day Support and went down, people wait for the pair to come back and test the resistance. However after a Red Candle "looks like a confirmed signal" for the Short opportunity, the market created a very long "rejected candle" also and kill all SL, then return into trendline. I believe now it's the right time we can find a good entry to Short it, but we still need more signal from the market as it is still a little bullish at the moment. My target is 1.675