Reason: UK economy has recently shown resilience, with robust wage growth and consumer spending, contrasting with softer data from Canada. The Bank of England's hawkish stance—driven by persistent inflation concerns—further supports GBP strength, especially if the Bank of Canada remains cautious. Additionally, a recent decline in oil prices has weighed on CAD, as Canada’s economy is heavily tied to energy exports.

Strategy Overview: After years of being a discretionary trader, I’ve automated my strategy to generate signals automatically and opened it to the public now. I no longer need to manually search for trades. I use data analysis and methods to identify and capitalize on market opportunities.

Risk Management: I only risk up to 1% of my total balance on each trade. This strategy minimizes losses and keeps my portfolio stable, even when market conditions change.

Join the Journey: If you like what you see, come along on this journey and give me a follow so you don’t miss any trades that my system may generate. But keep in mind, there might not be trades every day!

Long GBPCAD

Nov 05 2024