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Setupsfx_
Oct 16, 2023 3:37 PM

GBPCAD Short

British Pound/Canadian DollarFXCM

Description

Everyone,

GBPCAD dropped significantly in recent time, therefore, we think price will retrace a bit before drop further; there many liquidity gaps that are left behind and those gaps are likely to be filled. Wait for the market to make up towards our area and then enter accordingly based on market trend behaviour.

thanks a lot for your continuous support!!

Trade active

Comment

Due to UK's PMI data prices were extremely bullish today which helped us price to reach our entry zone. Expecting price to continue dropping!

Comments
RLinda
Thanks for the detailed analysis of the potential asset movement, that was very helpful. Very interesting to watch your reasoning on technical analysis.
Setupsfx_
@RLinda thanks
Hellena_Trade
Your insights are invaluable! 💎
Setupsfx_
ATradeSniper
perfect setup
Setupsfx_
EMA_Trading
Great work 👏
Setupsfx_
Solldy
Great! The idea for this asset fits the current macro situation. In the next ideas I would like to see a more detailed description of the idea.
Setupsfx_
@Solldy thanks
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