The 1d chart on the GBPCAD is showing lots of divergence. The ADX is also falling indicating a large movement could be coming soon. With all the resistance there is a high probability that it will go long. Also the 4h 40 and 110 EMA are about to cross showing a great probability of a long. Both pairs are very weak right now so wait a little bit to see what goes happpens. So possibly a short term downtrend with a long term uptrend. AGAIN WAIT BEFORE YOU TRADE THIS PAIR. The weakness in both pairs makes it unpredictable. But in a few days to a week defiantly long.
Komentar:
Take out 1/3 contracts at T1 so you can maximize profits if there is a drop after that as there is some resistance. Also be careful of the bottom resistance. If that is broken to hard then I personally wouldn't trade the pair for a while as it will be unpredictable.