GBPCAD Short off 2.03 Session Limit then Long off 2.00 Bounce

17 lug 2015

On a longer term scale the GBPCAD is a Long trade due to the divergent monetary policy expectations with BoC that just cut rates and a BoE that is confident about hiking rates in the near future.

• This is a technical Short off the Session high of 2.03 before taking a Long Position after the technical limits are reached.
  
• Most of the technical details are on the chart.
  
• At the time of writing the D1 Close is expected to be a Doji.