GBP/CAD is looking for support near Fridays low (1.9984) and looks poised to break higher. LONG from 1.9994 with a STOP under the low at 1.9979 is a very low risk trade with plenty of upside potential.
The fundamentals make this a risky trade with stock markets recovering and commodity pairs doing better but
The fundamentals make this a risky trade with stock markets recovering and commodity pairs doing better but
Trade closed: stop reached:
The recovery is commodity continues and this trade was lost. 1.9889 is strong support. If we get down there I look to go LONG.