


syed_420
The British Pound as it continues to try and cover ground to the upside. Since the last week of February, we saw a good stretch in the pound, retesting 1.30000 and running up a massive 350 PIPs. This huge move happened in the matter of four days, likely due to rumours of a "soft Brexit". Price then touched exactly 1.33500 followed by two continuous spikes...
* Price action via the hourly has formed a bullish flag pattern, subject to a potential breakout to the upside. * The pole is around 250-270 pips, which in theory if this plays outs, then eyes will be on 1.8900 area as initials targets. * Eyes further north up at 1.9000-1.9200 if upside momentum picks up pace. * Well as you can see from the hourly the breach...
* Focus today for USD/CAD will be Canadian GDP data. * Expected at 0.0% vs. previous -0.1%. * Heading into this data we should note; retail sales have been falling for the past two months, home sales were at these weakest since 2015 at last reading, slow wage growth for the country, inflation is at a 15-month low. *With all the above noted I cannot see any...
short on intra day and then will eye on the long for swing