GBPCAD: Long idea but ask for discount
Fundamental:
BOC has been dovish in recent statement
NAFTA uncertainty have been negative towards CAD
Second stage of Brexit /BOE Hawkish
Technical:
Good pin bar rejection of the trendline and the daily support level signal the continuation of the rally
Target profit should be below weekly resistance level
Note:
Buy limit at 50% of the pin bar
BOC has been dovish in recent statement
NAFTA uncertainty have been negative towards CAD
Second stage of Brexit /BOE Hawkish
Technical:
Good pin bar rejection of the trendline and the daily support level signal the continuation of the rally
Target profit should be below weekly resistance level
Note:
Buy limit at 50% of the pin bar
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.