GBPCAD - 240 - Watch the line
Updated
Quick idea.
It was a good start for GBP this morning, until the UK retails sales were released, which came out as a disappointment.
We are now seeing a slide in GBPCAD, but if the short-term tentative upside line holds, the slide might be short-lived. That said, for to get comfortable with some higher areas, we would wait for a push above the 200 EMA on the 4h chart.
Please see the chart for details.
Don't forget your stop-loss.
It was a good start for GBP this morning, until the UK retails sales were released, which came out as a disappointment.
We are now seeing a slide in GBPCAD, but if the short-term tentative upside line holds, the slide might be short-lived. That said, for to get comfortable with some higher areas, we would wait for a push above the 200 EMA on the 4h chart.
Please see the chart for details.
Don't forget your stop-loss.
Note
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