GBPCAD Short
Updated
Despite recent bearishness of CAD and oil, and BOE rate hike for GBP, going short on GBP pairs still in general to continue pricing in risk in Brexit on March 2019, as well as the less likelihood of another BOE rate hike within the year. Setting sell stop order with TP @1.67134 and SL near 1.70. Must monitor closely esp when price reaches 1.68229 (the immediate weekly support) and start showing signs of reversal.
poundsterlinglive.com/gbp-live-today/9609-sell-the-pound-ahead-of-boe-interest-rate-decision-say-nordea-markets-as-it-won-t-actually-raise-rates
Daily:
Weekly:
Confidence: A (but must close the trade before CAD trade and US NFP news tomorrow)
poundsterlinglive.com/gbp-live-today/9609-sell-the-pound-ahead-of-boe-interest-rate-decision-say-nordea-markets-as-it-won-t-actually-raise-rates
Daily:
Weekly:
Confidence: A (but must close the trade before CAD trade and US NFP news tomorrow)
Trade closed manually
Manually closed before NFP news; will re-enter later or next week.
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