Hey traders, looking for short opportunities at this level. I like a weak GBP and a strong CAD this week as the S&P is raging and should rally through the end of the year. Cypher is complete at this level as well as confluence with the 500 day SMA and a number of trendlines. Looking for bearish impulses as confirmation. May make a video to accompany this idea. Cheers.
Trade active
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Pair rejected exactly at entry and is moving along nicely. SL moved to B/ENote
The pair is starting to turn over and gain momentum. Moving along nicely. +99pips at this time.
Video to come...
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Great drop in GBP and spike in CAD on CPI and retail sales numbers this morning
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Still riding this trade out. Looks like we may see continued downside.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.