GBPCAD - Daily - Risky, but interesting.
I will make a shout on this and say, SELL.
Certainly, it's better not to rush on this one, because it depends how will that little trend line will hold.
I would to see a break to the downside. Not because of the weaker Pound but because of the stronger CAD. If it closes below the trend, then guess what? SHORT...
This chart is at an interesting level right now, which is really important to observe, especially with the different British and Canadian news coming out.
Stay sharp and keep an eye on the price action!
Certainly, it's better not to rush on this one, because it depends how will that little trend line will hold.
I would to see a break to the downside. Not because of the weaker Pound but because of the stronger CAD. If it closes below the trend, then guess what? SHORT...
This chart is at an interesting level right now, which is really important to observe, especially with the different British and Canadian news coming out.
Stay sharp and keep an eye on the price action!
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Beautiful!