Placed a new trade today being the GBP/CAD this pair has been in a good up trend with 12 of the last 15 weeks up. The pair has recently retraced, and should be starting to continue it upward momentum. Fundamentals for the CAD are poor with oil prices dropping and the BOC expected to drop interest rates at its next meeting. Also the country is in the middle of an election. Whilst the GBP is getting stronger with increased interest rate expectations of the BOE and reasonable CPI figures.
Brought at 2.04764 and two pending orders at 30 pip spacing, targeting the recent high of 2.05850
Brought at 2.04764 and two pending orders at 30 pip spacing, targeting the recent high of 2.05850
Respect the inescapable certainity of Math