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aiza_belle

GBPCAD Short

Short
British Pound / Canadian Dollar (FX:GBPCAD)  
aiza_belle Updated   
FX:GBPCAD   British Pound / Canadian Dollar
Trend Analysis Chart Patterns Beyond Technical Analysis GBPCAD GBP CAD short Bearish Patterns priceaction
2
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trendanalysis chartpattern beyondta gbpcad gbp cad short bearish priceaction
Despite recent bearishness of CAD and oil, and BOE rate hike for GBP, going short on GBP pairs still in general to continue pricing in risk in Brexit on March 2019, as well as the less likelihood of another BOE rate hike within the year. Setting sell stop order with TP @1.67134 and SL near 1.70. Must monitor closely esp when price reaches 1.68229 (the immediate weekly support) and start showing signs of reversal.

www.poundsterlingliv...actually-raise-rates

Daily:
snapshot

Weekly:
snapshot

Confidence: A (but must close the trade before CAD trade and US NFP news tomorrow)
Trade closed manually:
Manually closed before NFP news; will re-enter later or next week.

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