Dear Traders,
I hope everything goes well for all of us at the new year*
At 1.2960 level, single 5B, 6B call/buy has been made by big boys. So there is a huge demand on this level. I dont give any possibility to this pair go below this level upcoming weeks.
For MARCH interestingly there is a huge demand on 1.32000 and 1.3250 levels. I searched why MARCH?...
Dear Traders,
After Exit Polls declared GBP increased sky high. But please check your charts, price was decreasing before result announced publicly, 15 minutes before declaration a group learned the results made the price move up nearly 30 pips up at 5 min chart.Then i had opened long positions and waited. Then all you know what happened.
I drawed the TRAPPING...
Wait for GBPCAD to rise a little bit than go for SHORT and take your pips!!! Not less than 90 pips....
( i expect trend start to go down at 3rd or 4th hour of London session)
At the daily chart , momentum turned downside but at h1 or h4 charts there may be some retracements to upside which is good for us.
Every upside movement is a potential Short chance.
Important note: Please do not underestimate Election News, polls etc...