GBPCAD - Short opportunity

PAIR IN FOCUS: GBPCAD
ACTION: SHORT
HORIZON: SHORT TO MEDIUM-TERM

A bearish engulfing candle on the Daily time frame offers a SHORT opportunity. Adjusted TPs lower from previous analysis after price reached my TP 1. Look for bearish price action before any SHORT entry. We could see bearish momentum from the end of last week continue in the coming week.

The TP levels are indicated on the chart. Remember to manage your risk!

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