#GBPCAD PROFIT

#GBPCAD PROFIT
29th March 2019 contacttf
The Foreign Exchange market, also called FOREX or FX, is the global currency trading market. ... On the FOREX market one currency is exchanged for another. The single most important thing on the FOREX market is the exchange rate between two currencies (a currency pair).

With Brexit votes taking place for the 3rd time. My thinking was to take a long entry after the initial news has been absorbed.

I am keen on buying the pound because overall, we are in the same place for about 2 years.

Pound has dropped without a conclusive outcome.

Of course if Brexit happens, this will be detrimental to the Sterling. but for now, I am Bullish/Neutral.

Trade closed as price reached the cloud and resistance (Support became resistance).

The Chikou span is the lagging indicator component of the Ichimoku Kinko Hyo candlestick trading model. The Chikou is a line of the most recent price action, but it is plotted 26 trading periods into the past. Chikou spans are designed to allow traders to visualize the relationship between current and prior trends.

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