GBPCAD short in the making
Updated
GPBCAD made a nice re-tracement during London session on 12 August 2019.
Price is now a a key level where the professionals are busy with distribution.
On Tuesday it is expected that the GBP red and medium news releases will add to the short momentum of price.
Price is now a a key level where the professionals are busy with distribution.
On Tuesday it is expected that the GBP red and medium news releases will add to the short momentum of price.
Note
Price is now busy working the 960 area...All things considered, it seems like the market is expecting negative news on the GBP today...well, anything is possible.Note
It's 30min before the GBP red news release and what are the professionals doing? They are buying....how peculiar is that? Or..are they perhaps building short positions? We will just have to wait and see.Trade closed: stop reached
Well, this idea breached the 630 price level and is now no longer viable. Onto scanning for the next opportunity
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