after the successful GBPCAD short, now we reached the first major daily trend line. Between today till wednesday we will see whether we break and retest it or we bounce off it. Either way there are a lot of pips that we can grab! As of right now both Pound and Cad dollar are showing a lot of strength so it's a good sign when we see the continuation or the reversal.
Probably short, because CAD is technically getting strong and stronger. The pound is also strong with good sentiments from traders. BUT I would wait until Thursday for the UK important economic news to come up and then decide to go long or short.
Fed02
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@eakadeh, exactly! Good call on the fundamentals coming thursday!