Pay attention to GBPCAD on the H4 timeframe, it can be seen that this pair is still ranging between S1 and R1. This can also be seen on the Ichimoku indicator where the price of this pair is in the Kumo cloud. However, referring to the stochastic indicator, it appears that oversold has occurred which allows a trend reversal to occur. Therefore a go-short position can be an option. Trade with your own risk or wait for clarity on other indications.
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