Get started
TheLazyBrother

GBPCAD short term view

Short
British Pound / Canadian Dollar (FX_IDC:GBPCAD)  
TheLazyBrother  
FX_IDC:GBPCAD   British Pound / Canadian Dollar
Wave Analysis Trend Analysis
3
0
waveanalysis trendanalysis
GBPCAD follows impulse-correction pattern all the way down to daily level. Moving avregaes are clearly (at all degrees!) pointing downwards, the latest correction being contained by 0.381 retracement level. It is difficult to say if it is over or not, but one should be alert for upcoming low risk shorting opportunities

Related Ideas

TheLazyBrother
GBPCAD - moment has come?
TheLazyBrother
GBPCAD
TheLazyBrother
GBPCAD - medium term view
TheLazyBrother
GBPCAD long term view
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.