uzzzma

GBPCAD outlook for the week

Short
FX:GBPCAD   British Pound / Canadian Dollar
gbpcad is looking beautiful on a daily, giving us bearish signals. price seems to have broken the recent uptrend it had formed since december 20, and has made a few clean h&s as well.

whats right in front of me is a series of lower highs and lower lows. the markets closed at last month's low.

when the markets open I will be looking for bullish signals to trade the pullback before initiating a sell in the 1.74 1.75 range. (given that price does a pullback! )

thanks for reading

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.