AlmightyPips

Dec 30, 2021 11:29 AM

GBPCAD - Neutral - 3 potential trades to look for

GBP/CADOANDA

Description

⋅ Dec 30, 2021 11:29 AM

BOE was the first to hike rates post pandemic breaking a 3 year dovish streak... Oil has had a good rally despite geopolitical issues with the developing virus variants.

Kathy lien explains the fundamental climate in the most understandable way. Here is a link:
investing.com/analysis/boe-hikes-ecb-holds-us-dollar-extends-losses--all-clear-for-santa-claus-rally-200611861

Left my explanation and analysis on chart.

Happy Trades

Elliott Wave Fibonacci Supply and Demand