GBPCAD bounce off short term top Short

FX:GBPCAD15

British Pound/Canadian DollarFXCM

Description

⋅ Oct 19, 2015 2:25 PM

Decent R/R. Will not hold this trade very long since it is based on short term technicals.

Comment

⋅ Oct 19, 2015 2:56 PM

Not stopping out yet

Comment

⋅ Oct 19, 2015 3:11 PM

I still see my short as valid; obviously jumped the gun on entry. Probably will open more at 2.015 with tight stop.

GBPCAD

Comments

kmk.msp

⋅ Oct 19, 2015 5:49 PM

Here is my view

kmk.msp

⋅ Oct 19, 2015 3:03 PM

it touched 2.01

kmk.msp

⋅ Oct 19, 2015 2:58 PM

it near near & near

kmk.msp

⋅ Oct 19, 2015 2:41 PM

it may reach 2.015 so your SL is in danger because forming bullish WW pattern

asiansupermarket

⋅ Oct 19, 2015 2:59 PM

If commodities keep going down then a breakout to the upside is likely. If that happens then a reposition to long on a dip would be the better trade as this looks like bottom ~1.99-2.0