Rocketman
Long

GBPCAD: Need a catalyst

FX:GBPCAD   British Pound / Canadian Dollar
36 0 3
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.
Trade closed manually
Comment: That's enough for me!! I am getting out this LONG of GBPCAD!!!
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out