Livre sterling / Dollar canadienMis à jour GBPCAD Brexit "Sky is Falling" No... not really
GBPCAD Weekly, coming into long term Bat support area
Long wicks on red candles like last week rarely create a lasting bottom from my experience so expect prices to drift back lower to the 1.60 zone again at which time I will be looking for reasons to go long with less risk than 700-800pips
There is still an unfilled gap to the upside so there is a possibility of a rally into this area, but given the large moves recently trying to find low risk entries on 4hr+ time frames may need some time to develop as the market settles down again
The large spike was probably caused by lack of liquidity (lack of bids) around a major news event rather than extreme selling
IMO it is a waste of time listening to the media hype re Brexit, we know it's going to happen it's just a matter of when... and likely when they announce action, the market will likely rally - not fall due to one sided market perception
Long wicks on red candles like last week rarely create a lasting bottom from my experience so expect prices to drift back lower to the 1.60 zone again at which time I will be looking for reasons to go long with less risk than 700-800pips
There is still an unfilled gap to the upside so there is a possibility of a rally into this area, but given the large moves recently trying to find low risk entries on 4hr+ time frames may need some time to develop as the market settles down again
The large spike was probably caused by lack of liquidity (lack of bids) around a major news event rather than extreme selling
IMO it is a waste of time listening to the media hype re Brexit, we know it's going to happen it's just a matter of when... and likely when they announce action, the market will likely rally - not fall due to one sided market perception
Note
On the nose... perfect
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.