Good day traders,
we have seen GBP gaining strength other the past weeks.
and on 1H&4h it has touched the resistence point, but at 1D the triangle as been brocken which to me means a up impolse. what i'm seing now is it a correction or a possible flag on 4h?
but if market break over 1.0022 then enter long at 1.332812,
i believe that the market will move down to...
we have seen CAD gain strength and slowly moving up in the past weeks, the moving up will continue thou we will see some bearish flag flag formation.
whichever effects todays news (BOC) has wont last a while, CAD will be stable again, but if you want take advantage of those bearish move then great, but i'm still anticipating an up move
The GbpUsd, is moving up slowly (which is good for swingers), and the up trend will definitely gain momentum nevertheless we should expect some corrections along the way.
but for now, lets go long and monitor for retracement.