As my point of view, after the big impact news Employment Change from Canada, the price would act to test the 2 nearest resistance for a Midterm trend.
Because as we know yesterday, there is no change from the Bank of Canada (BoC) Interest Rate Decision , this mean we are still a big sideway zone from the March 2020 to now.
And as we know the primary trend is uptrend but the secondary trend are so long from Feb24th to now. If it make a break the support zone. This secondary trend may turn to the primary trend as this year 2021.
Becareful, maybe the Employment Change from Canada will make a huge impact to pair GBPCAD. Just careful if you make a decided to trade tonight.
Because as we know yesterday, there is no change from the Bank of Canada (BoC) Interest Rate Decision , this mean we are still a big sideway zone from the March 2020 to now.
And as we know the primary trend is uptrend but the secondary trend are so long from Feb24th to now. If it make a break the support zone. This secondary trend may turn to the primary trend as this year 2021.
Becareful, maybe the Employment Change from Canada will make a huge impact to pair GBPCAD. Just careful if you make a decided to trade tonight.
Trade closed: stop reached