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HP
Jul 26, 2017 7:51 PM

GBPCAD - Wedge breakout 

British Pound/Canadian DollarFXCM

Description

Waiting for price to break out of wedge for confirmation

Comment

Took a Long@1.6310 as price is supported by MAs. SL@1.6235 TP@1.6450

Comment

Trade active

Comment

1/2 position closed +100
SL moved to +5

Comment

Will close a quarter of the remaining half position if price hits 1.6460

Comment

Trade closed +5.
Total pips +105

Comment

2nd attempt
Took Long @1.6300 SL@1.62

Comment

Will take half off if price hits at 1.6400 and move SL to +5

Comment

Took half off +100 and SL moved to +5. Remaining half in play for TP as plan
Total Pip on 2 two GBPCAD trades = +205

Comment

Closed half of the remaining half position (ie 000000o0ne quarter)0 and SL moved on the remaining half to +50

Comment

Final quarter position SL moved to +100

Comment

last quarter position SL moved to 1.6550

Comment

TP hit @1.6700 + 400
Will look for reentry on retracement
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