Bearish GBPCAD
In a long term, GBPCAD has been on a downward trend. However, it has retraced to a level that is interesting for me to start selling. Oil prices, which are related to the Canadian dollar have started to rise once again. Therefore, I am short this pair. I have a stop loss to prevent blowing my whole account. It is better to take a small loss that gives me a chance to re-enter on another level. Trade safely.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.