British Pound / Canadian Dollar

Short

Updated

GBPCAD EW Count: Looking for a Drop Today

Hey traders, looks like the Canadian dollar is responding positively to the trade balance numbers. They were weak but market likely expected weaker. Shorting the pound against CAD here, looking for a drop to the S/R zone. Cheers

Trade active

Below is the 5m chart. The next 5 bars will be pivotal. Cheers

snapshot

Trade closed: stop reached

SL Hit, Possible USD long will be my final trade today. Otherwise I will be sitting on the sidelines until Crude inventories tomorrow. Cheers

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