GBP/CAD (The bullishness of CAD pulls this pair down)
View On GBP/CAD (3 July 2019)
Our trade analysis did not go per expected all the time. Wanna know why? It is simple.
No one can predict the future with absolute certainty.
Our aim is to make as much as possible when we are right, while to lose as little as possible when we are wrong.
Our analysis of GBP/CAD(May 2019) didn't go as we planned.
Now we are expecting this pair will continue to get weaken mainly due to the bullishness of CAD, in turn, it causes GBP/CAD to fall further. Do not think of going long at this moment as the momentum is very weak.
DYODD, all the best and read the disclaimer too.
Feel Free to "Follow", press "LIKE" <or> "Comment".
Thank You!
Legal Risk Disclosure:
Trading foreign exchange or CFD on margin carries a high level of risk, and may not be suitable for all investors.
The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite.
The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose.
You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor.
DISCLAIMER:
Any opinions, news, research, analyses, prices or other information discussed in this presentation or linked to from this presentation are provided as general market commentary and do not constitute investment advice.
Sonicr Mastery Team does not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
Our trade analysis did not go per expected all the time. Wanna know why? It is simple.
No one can predict the future with absolute certainty.
Our aim is to make as much as possible when we are right, while to lose as little as possible when we are wrong.
Our analysis of GBP/CAD(May 2019) didn't go as we planned.
Now we are expecting this pair will continue to get weaken mainly due to the bullishness of CAD, in turn, it causes GBP/CAD to fall further. Do not think of going long at this moment as the momentum is very weak.
DYODD, all the best and read the disclaimer too.
Feel Free to "Follow", press "LIKE" <or> "Comment".
Thank You!
Legal Risk Disclosure:
Trading foreign exchange or CFD on margin carries a high level of risk, and may not be suitable for all investors.
The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite.
The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose.
You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor.
DISCLAIMER:
Any opinions, news, research, analyses, prices or other information discussed in this presentation or linked to from this presentation are provided as general market commentary and do not constitute investment advice.
Sonicr Mastery Team does not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
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Take profit from your short if you have.
It went further to 1.64 area and it will be a nice place to take TP from your short.
If the candle ends with the BULLish looking candle by today, we may see some pullback action back to 1.656 - 1.66 region.