Hello traders! ‼️ This is my perspective on GBPCAD.
Technical analysis: Here we are in a bullish market structure from daily perspective, so I am looking for longs. I expect price to make the retracement to take liquidity below equal lows and to fill the imbalance lower and then to reject from bullish order block.
Fundamental analysis: On Friday we have news on CAD, will be released Unemployment Rate which is forecasted to increase, this means weakness in currency. If the result will be as forecasted, for short term we could see bullish price action.
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