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thetradeWELL

LONG GBPCAD on Daily Chart

Long
British Pound / Canadian Dollar (OANDA:GBPCAD)  
thetradeWELL  
OANDA:GBPCAD   British Pound / Canadian Dollar
Trend Analysis Supply and Demand Cup And Handle GBP CAD sterling pound looney caddollar cupandhandlepattern
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trendanalysis supplyanddemand cupandhandle gbp cad sterling pound looney caddollar cupandhandlepattern
The tradeWELL FX algo printed an entry-with-trigger on long GBPCAD on 08/01 with entry between 1.56667 and 1.56917. Initial target at 1.59838 with stop at 1.53496 trailing. I actually entered late and into the 1.575 resistance. Recent price action forming what appears to be a cup-and-handle with fairly distinct rounded bottom.

Counter-trend trade, so precarious.
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