GBPCAD Short off 2.03 Session Limit then Long off 2.00 Bounce

FX:GBPCAD   British Pound / Canadian Dollar
On a longer term scale the GBPCAD             is a Long trade due to the divergent monetary policy expectations with BoC             that just cut rates and a BoE that is confident about hiking rates in the near future.
  • This is a technical Short off the Session high of 2.03 before taking a Long Position after the technical limits are reached.
  • Most of the technical details are on the chart.
  • At the time of writing the D1 Close is expected to be a Doji .

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