Situation about brexit in GB is moving with british pound strongly and on the other hand, canadian dollar depends on price of crude oil and crude oil is very bullish.
From the chart, we can clearly see weak uptrend, with an overlapping and it seems like more bear flag. We are also below very strong ressistence.
I am already in short position and I think it´s just matter of time, before we will test support at 1,66.
From the chart, we can clearly see weak uptrend, with an overlapping and it seems like more bear flag. We are also below very strong ressistence.
I am already in short position and I think it´s just matter of time, before we will test support at 1,66.
Trade closed manually:
Despite british pound will is very weak, I am closing this trade. We are at trendline and crude oil doesn´t look well, so I think we will go to the side in this pair.