The Pound has a beautiful run up against the cad especially as oil has been tanking.
Now however we have formed a decrepit looking H&S after a beautiful run up. I am expecting a retrace to 1.75 at minimum.
If Oil has found an intermediate bottom we could see the GBPCAD even lower to 1.73.
If you take this trade use proper risk management and understand why you are taking this trade based on your own rules
Now however we have formed a decrepit looking H&S after a beautiful run up. I am expecting a retrace to 1.75 at minimum.
If Oil has found an intermediate bottom we could see the GBPCAD even lower to 1.73.
If you take this trade use proper risk management and understand why you are taking this trade based on your own rules
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This is a good sign oil has taken off overnight!
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ye