CAD pairs are the MAIN movers today especially because of very bad employment/unemployment results.
GBPCAD is a very volatile and good pair to trade. Now we can look to exploit strong Momentum candle aka Marubozu. I have marked potential POCs and if the price pullbacks to the area we can exploit momentum and CAD volatility. Confluence and high momentum could give us a profitable trade towards h5 and Red zone if the price PULLBACKS. So in order to exploit momentum candles/high volatility we always need a pullback (loss of momentum) and then fresh buyers (new momentum) in this case.
The analysis and the article presents Nenad's opinion. Remember, financial trading is highly speculative & may lead to the loss of your funds. Proper risk management is the Holy Grail of trading.
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