Rocketman
Long

GBPCAD: Need a catalyst

FX:GBPCAD   British Pound/Canadian Dollar
36 0 3
5 months ago
I am looking for a short squeeze above that last high, but only if the highs are breached beyond the 1.6929 area.
If not and a brake down occurs, I have my orders around 1.0753 near the slower trendline. This poses a good reward/risk scenario, as well.

The consensus is that rates will fall 25 basis points for the UK on Thursday. This would be bad for GBP. Looking at the monthly chart, there is more room to the down side, but from the looks of it, GBP may briefly move up for several days to gain enough steam to push down again. Possibly 500 pips upward. If I am wrong, then I will take an 80-100 pip loss. If I am filled, and correct, then I win over 500 pips.
4 months ago
Trade closed manually
4 months ago
Comment: That's enough for me!! I am getting out this LONG of GBPCAD!!!
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out