jamstock
Short

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.
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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.
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