magik

GBPCAD UPDATE - GET ON BOARD

Long
FX_IDC:GBPCAD   British Pound / Canadian Dollar
It's not too late to get on board the money train. A pull back to the 1.98 / 1.97 area is a possiblity. Add to your position. Go big. Trading can be easy if you let it. There are stops below the USDCAD to 1.27 and the GBPUSD to 1.55. That puts us back to 1.9680 roughly. This is a very volatile pair. Reduce your size so that you can afford to have wide stops. Enjoy the summer. It looks to me like markets are about to resume trending. Here is the plan for this pair.

Entry: 1.9680

Stop: 1.94

Trailing stop: 800 pips

Target: 2.30ish
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