HutsonBay

GBPCAD pending short position

Short
OANDA:GBPCAD   British Pound / Canadian Dollar
GBP fundamentally is very weak and given the opportunity that lies ahead with the BOE interest update on the 10th May, GBPCAD presents a great trade.
Market has broken a decent bullish run and is now sitting on 38.2% retracment support. I am looking for a move lower on the hourly chart before entering this short.
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