Bearish GBPCAD

٦ أكتوبر ٢٠٢٢

In a long term, GBPCAD has been on a downward trend. However, it has retraced to a level that is interesting for me to start selling. Oil prices, which are related to the Canadian dollar have started to rise once again. Therefore, I am short this pair. I have a stop loss to prevent blowing my whole account. It is better to take a small loss that gives me a chance to re-enter on another level. Trade safely.