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jamstock
Sep 16, 2018 8:36 AM

GBPCAD Weekly Outlook Short

British Pound/Canadian DollarFXCM

Description

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.
Comments
jamstock
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.
jamstock
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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