This is Purely Fundamental Trade Idea, please do your own analysis. GBP Getting to a strong Support/ Resistant Level that can be easily broken with the lack of support to the GBP from the UK Government. Canadian Dollar Is Strong, While The Pound Struggle To Find Support At This Point. Risk: Reward In This Trade Is more than 1:2 Good Luck
This is a FUNDAMENTAL based trade ( Entry, TP, and SL are defined based on the D1, and H4 recent levels) - Strong Support line found at all time high zone ( 13 765 - 13800) - Negative EU economic date - Increase of the number of Corona Virus cases - Expectations of the global economy to slow based on the current economic rate - German and European economies...