Olu
Long

GBPCAD: I Am Cautiously Bullish

FX:GBPCAD   British Pound / Canadian Dollar
33 4 9
Comments on the chart. Beware of BREXIT though
Comment: Price retreated today due to GBP fundamentals namely BREXIT. No technical damage has been done to price though and therefore the idea is still on
Comment: we have lift off! Price has taken out the upper channel. The implications of this idea is 2 fold. That crude oil is likely to be weak and that the market may be pricing in the BREXIT issue favorably for the GBP
Comment: Price action is still good to the upside but I was expecting a stronger impulse move upwards so I am not ruling out a retest of the breakout area
Comment: This idea fared better than the eurcad idea. Was expecting a stronger upside though...
I am looking to sell tomorrow noon/evenig
Reply
Olu TadeMark
@TadeMark, are you shorting this now? playing the 'sell the resistance' idea?
Reply
@Olu, Noooooo. I need more confirmation
Reply
Olu TadeMark
@TadeMark, I thought so TM. After today's price action more confirmation is definitely required. We think alike TM
Reply
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