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Piet.Hein
Jan 24, 2016 10:14 PM

GBPCAD Short - I'm In Short

British Pound/Canadian DollarFXCM

Description

Description on the chart!

Trade active

Comment

Today I read a nice publication reinforcing the short term bearish view to GBPCAD if you are interest have a look: fxstreet.com/analysis/einstitutional-views/2016/01/25/02/

Comment

Stop Loss moved to Break Even.

Comment

Still on trade, SL above the 4h falling channel. If it is broken, my position will be closed at BK @ 2.019

Trade closed: stop reached

Break Even :)
Comments
Prome
I would wait a retest of the TL before entering... Best of luck!!!
jangseohee

Piet.Hein
Very nice analysis, congrats!
jangseohee
gotta be some retracement before big plunge
Fxprotrader
I agree piet.. It's ok if you have already entered but if would wait for a small correction before going short. But it's still ok.. Very nice analysis mate..
Fxprotrader
Piet.Hein
Thanks, your analysis is great too. Yes, wait can be better, but sometime we just jump in you know, my mistake! Lets see what happens now.
AD4499
Great analysis of this pair the only thing is if CAD goes bearish on you but other than that it is running lower quickly everything under 2.05 is correction
marcus123
jumped in aswell; it happens; hedged to be on safe side for now; were at beginning of week so expect some pullback - from last weeks strong bearish move; else everything pointing to a nice bearish move;
Piet.Hein
Good strategy ;)
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