GBPCAD LONG AND THEN SHORT AFTER NEWS
On GBPCAD, we noticed a significant manipulation this morning following the sterling data. These data caused the price to decrease, creating a potential entry point at 1.6875. Therefore, we expect a absorption of all the liquidity left in the market, with a possible short entry and a target risk-to-reward ratio of 1:2 in the area of 1.6790. We would be pleased to hear your point of view. Greetings from Nicola, CEO of Forex48 Trading Academy.
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