I have biased on GBPCAD for next week for the reasons i have explained below. On January 21, 2019 market made (highlighted in chart as ). After long up trend market remained in period of consolidation and then started down-trend. market made on january 29,30 2019 and continued down trend. market gave no respect to on february 1, 2019 and it crossed downside but little pull up occurred so we could have snatched 70 pips if our risk to reward ration could have been 1. market made new on february 4,5, 2019. on february 5, 2019 market started moving up and gave no respect to , crossed the with huge candle, remained in period of consolidation on february 7,8, 2019. market fell down little bit and then rejected by .
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