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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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.