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Olu
19 mar 2017 01:48

GBPCAD: I Am Cautiously Bullish Lång

British Pound/Canadian DollarFXCM

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Comments on the chart. Beware of BREXIT though

Kommentera

Price retreated today due to GBP fundamentals namely BREXIT. No technical damage has been done to price though and therefore the idea is still on

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we have lift off! Price has taken out the upper channel. The implications of this idea is 2 fold. That crude oil is likely to be weak and that the market may be pricing in the BREXIT issue favorably for the GBP

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Price action is still good to the upside but I was expecting a stronger impulse move upwards so I am not ruling out a retest of the breakout area

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This idea fared better than the eurcad idea. Was expecting a stronger upside though...
Kommentarer
TadeMark
I am looking to sell tomorrow noon/evenig
Olu
@TadeMark, are you shorting this now? playing the 'sell the resistance' idea?
TadeMark
@Olu, Noooooo. I need more confirmation
Olu
@TadeMark, I thought so TM. After today's price action more confirmation is definitely required. We think alike TM
Mer