GBPCAD pending short position
GBP fundamentally is very weak and given the opportunity that lies ahead with the BOE interest update on the 10th May, GBPCAD presents a great trade.
Market has broken a decent bullish run and is now sitting on 38.2% retracment support. I am looking for a move lower on the hourly chart before entering this short.
Market has broken a decent bullish run and is now sitting on 38.2% retracment support. I am looking for a move lower on the hourly chart before entering this short.
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.