Looks like we've made new high during the handover from New York to Asian session, making a steep selloff into the start of the London session.
Are we going to test the new high again? DEFINITELY NOT!
I am looking for prices to push to a low of 1.735, and closing for the weekend at 1.736.
BEARS FTW TODAY!!
GBPCAD did a bounce and retest on 1.738 during the London and New York sessions, forming what is a reversal move back to the topside as overall daily trend is bullish.
I am looking at price moving to the topside of 1.748, clearing the Asian session high of 1.746, approximately 100 pips from today's low.
Aggressive TP: 1.752
Full number TP: 1.75
Conservative TP:...
GBPCAD shorting from 1.745 to 1.735 (100 pips; approx. 0.6% move from ADR of 150 pips).
I am expecting a further downside move to test the 1.71 levels.
GBPNZD short from 1.93 (high made during Asian session) aiming for a 1.92 profit area at support (100 pips; est. 0.5% move).
I am expecting further downside risk below the 1.9 levels.
Average daily volatility of 180 pips (0.97%).
