GBPCAD Weekly Outlook

FX:GBPCAD   British Pound / Canadian Dollar
GBPCAD is in a downtrend and has pulled back to a support/ resistance level and printed a sell signal.

We published this as a short trade idea last week. We are in the trade and still expecting it to move down.
Price dropped right after we got out of the trade. Lesson learnt: always stick with your original analysis even when the market appears to be moving against you temporarily.
No follow through and see some bullish price action so we got out close to beak even. It may still work out but looks risky at this point.
Home Stock Screener Forex Screener Crypto Screener Economic Calendar Shows How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Help Center Refer a friend Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out