Gbpcad

[The Baptist]

Another Francis Funnel we have been stalking and trading... it points to GBP firmness across most majors and CAD weakness similarly..

 

[The Baptist]

...and why we like Fast moving breakouts

and why we like Fast moving breakouts

 

[gerryg]

The same impression I got from last Friday COT reports. Thinking to hedge my small short 0.5 GBP/USD position on Нotforex with good 1.0 lot EUR/GBP one. What it's your view on that?

 

[The Baptist]

Short timeFrame GBP to be strongest Major H1.. USD to be top quartile... longer run USD to reassert as per my USDJPY thread H8

 

[The Baptist]

1:30pmCADNHPI m/m 0.1% 0.2% 0.1%

USD Core Retail Sales m/m -0.9% -0.4% -1.0%
USD Retail Sales m/m -0.8% -0.4% -0.9%

USD Unemployment Claims 304K 282K 278K

The usual data misses outside the NonFarm fudge.. may give a fresh chance dip for USDJPY absentee's.

 

[The Baptist]

Target mades as stated..

 

[The Baptist]

...


475 pips