Bullish bias on GBPCAD on Friday June 07.
What I see? A nice weekly 2-1-2 Bullish Rev in force and an early entry on daily with a really nice R/R.
What I expect? Tomorrow, The Net Change of Employment and Unemployment Rate will be released by Statistics Canada Both data are expected to be lower/higher than expected in a bearish way.
Furthermore, the Canadian dollar futures seem to be in consolidation(what I don't like) after a downward trend, however there are no strong signals to have a bullish bias on CAD.
My strategy is based on TheStrat + Fundamentals + Convergence/Divergence.
What I expect? Tomorrow, The Net Change of Employment and Unemployment Rate will be released by Statistics Canada Both data are expected to be lower/higher than expected in a bearish way.
Furthermore, the Canadian dollar futures seem to be in consolidation(what I don't like) after a downward trend, however there are no strong signals to have a bullish bias on CAD.
My strategy is based on TheStrat + Fundamentals + Convergence/Divergence.
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