GBPCAD H4 Short

British Pound/Canadian DollarFXCM

Description

⋅ Nov 24, 2019 3:54 PM

- The Bank of Canada recently spoke of holding rates suggesting they are happy with the current growth of the economy which could boost the Canadian Dollar.
- This could lower this market for a while.

Regards, GoldfXcc team

Beyond Technical Analysis quality

Comments

Tamilkumar

⋅ Nov 25, 2019 4:11 AM

Also price breaking the 50 sma is a good sign.

oneman2amazing

⋅ Nov 24, 2019 6:58 PM

In the worst case, where is an excellent place to put in a stop-loss? Where would the idea get confirmed as a bad idea?

pbarov

⋅ Nov 24, 2019 7:18 PM

@jonathanjholloway, 1.725 and over would be a good place for SL for me

GOLDFXCC

⋅ Nov 24, 2019 8:33 PM

@jonathanjholloway yes! Considering CAD data shows a good economy! This could push downside GBP

pbarov

⋅ Nov 24, 2019 3:59 PM

I opened second short on Friday with the same TP
Good luck and have succesful tradding weekend Goldy!
Regards

GOLDFXCC

⋅ Nov 24, 2019 4:24 PM

@pbarov, thank you! You too! We are happy to help and assist!

pbarov

⋅ Nov 24, 2019 6:51 PM

@GOLDFXCC, Sorry ,succesful trading week!
The weekend is gone :)
BR