GBPCAD Sentiment Strategy

The UK GDP data today came in under expectations and the current mood is for a more Risk-on day, with commodities starting the London session better than they did yesterday. However, the US dollar index is looking like it has found some resistance and Oil is attempting to regain some of the losses this week, moving off clear support. Fading retail traders who are short the GBPCAD is my first rationale and I am looking for the GBPUSD to help this trade idea out.

For more trading details, please check the hyperlinks with time stamp indicated from the video:

1:33 GBP/CAD

3:27 GBP/USD

3:53 US DOLLAR INDEX

4:43 LCrude

5:08 USD/CAD