GBPCAD has an inside day in a downtrend after 21ema correction. What's more, this breakdown may also be played as a 1.7200 fig breakdown (although fig is not as important in Forex as in stocks lol).
Accordingly, this inside day is a typical "follow the trend" trade that I would only be willing to short the breakdown. If it breaks to the upside first, this trade doesn't exist anymore.
Let's see how it goes!
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Broke to the upside first, this trade doesn't exist anymore.