Hi Traders,
Daily= candle closed as bearish, moving averages crossed over.
4H= formed a new low, moving averages supporting downside, broke the trend line.
Fundamental Factors: Canadian Dollar is overall bullish due to oil and positive GDP report.
GBP is unpredictable due to Brexit uncertainty.
Therefore, I am expecting GBPCAD to fall further.
I am not a professional so please watch price action before trading.
If you like my ideas, follow me for more updates. Cheers!
Daily= candle closed as bearish, moving averages crossed over.
4H= formed a new low, moving averages supporting downside, broke the trend line.
Fundamental Factors: Canadian Dollar is overall bullish due to oil and positive GDP report.
GBP is unpredictable due to Brexit uncertainty.
Therefore, I am expecting GBPCAD to fall further.
I am not a professional so please watch price action before trading.
If you like my ideas, follow me for more updates. Cheers!