The U-Shape and S-Curve Bands confirmed for downward in long and medium term. Time Series indicates for pressuring down to 1.6000/1.5800. Short trade becomes feasible from the monthly high/low, weekly high/low and daily high/low. Equivalent band performance is EURCAD. The actual target is subject to her equivalent rate with EURCAD at their lower medium term bands.
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I short GBPCAD to follow the medium term band.
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I may limit my target of profit on GBPCAD.
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Riding down as the forecast and target likely to be hold.