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FrameTheMarket

GBPCAD short in the making

Short
British Pound / Canadian Dollar (OANDA:GBPCAD)  
FrameTheMarket Updated   
OANDA:GBPCAD   British Pound / Canadian Dollar
Trend Analysis Chart Patterns Technical Indicators GBPCAD CAD GBP Earnings uemployment employment short
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trendanalysis chartpattern indicator gbpcad cad gbp earnings uemployment employment short
GPBCAD made a nice re-tracement during London session on 12 August 2019.
Price is now a a key level where the professionals are busy with distribution.
On Tuesday it is expected that the GBP red and medium news releases will add to the short momentum of price.
Comment:
Price is now busy working the 960 area...All things considered, it seems like the market is expecting negative news on the GBP today...well, anything is possible.
Comment:
It's 30min before the GBP red news release and what are the professionals doing? They are buying....how peculiar is that? Or..are they perhaps building short positions? We will just have to wait and see.
Trade closed: stop reached:
Well, this idea breached the 630 price level and is now no longer viable. Onto scanning for the next opportunity
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