Confessions of a Forex Trader

Are you going to hold your trades during the US interest rate announcement? I’d close them and reopen them after the announcement…

Anyway, a few days back I wrote about the GBPCAD, it was trading in a clear bearish condition, and now it has confirmed the ST resistance level with some kind of downward pressure:

Are you still thinking about going short here? Please let me know.

Trade Safe!

Raul Lopez
Forex Training

Tags: forex, GBPCAD Analysis

This entry was posted on Wednesday, January 25th, 2012 at 10:44 am and is filed under Technical. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.