GBPCAD Short off 2.03 Session Limit then Long off 2.00 Bounce
On a longer term scale the GBPCAD is a Long trade due to the divergent monetary policy expectations with BoC that just cut rates and a BoE that is confident about hiking rates in the near future.
- This is a technical Short off the Session high of 2.03 before taking a Long Position after the technical limits are reached.
- Most of the technical details are on the chart.
- At the time of writing the D1 Close is expected to be a Doji.