GBP/CAD IS trending downwards and is currently retracing for us to look for a better entry. DO not buy, It may look promising but GBP has been negatively trading against many major currencies. News release on the 17th of july and although it may spike out of direction, the overall trend is downwards. For more conservative traders exit before news and re-enter when the trend continues.
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Do not enter trade yet. Wait for price to enter the sell zone and breaks entry point with downward pressure.