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GBP/CAD Signal - GBP GDP Estimate - 11 Oct 2021

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Signal Details
Entry Price: 
1.6997
Take Profit: 
1.6920
Stop Loss: 
1.7058
Direction: 
Sell
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GBPCAD is trending to the downside currently prior to the GDP Estimate released by the National Institute of Economic and Social Research, which is an estimate of growth over the last 3 months up to the report which comes out a month before the official announcement. Technically the pair has brokken support, the 1h candle is a bearish rejection of upside, and the RSI points to further downside.

Submitted by Toni H. on Mon, 11 Oct 2021 04:31:13 GMT

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Disclaimer: The article is written for informative purposes only and it is not financial advice. The author does not have any position in the currency pairs mentioned, and no plans to initiate a position. He wrote the article himself and expressed his own opinions. Readers should not treat any opinion expressed by the author as a specific inducement to make a particular trade or follow a particular strategy, but only as an expression of his opinion. All risks and coasts associated with online trading are your responsibility.

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