Last week we highlighted 1.1100 to get long and expect a decent bounce. Also we advised not to be too greedy and to be active in taking profits and moving the stop loss. You can visit that trade in a link. We are going to apply the same strategy today but with different level ! Today's support point of interest are 1.1050 and 1.1000. Being patient and waiting for the price to come to your levels is the essence of the game.
GBP/USD is showing the pulse by hanging on near 1.5650 but we know that it can't be trusted, so let's see how the retest of 1.5625 / 1.5600 works for it.
For USD/CAD, throwing the bait at 1.3070 makes sense. As we traded the pair from short side from that level for few pips last week, now it can work as support and can provide us quick few pips.
GBP/USD is showing the pulse by hanging on near 1.5650 but we know that it can't be trusted, so let's see how the retest of 1.5625 / 1.5600 works for it.
For USD/CAD, throwing the bait at 1.3070 makes sense. As we traded the pair from short side from that level for few pips last week, now it can work as support and can provide us quick few pips.
