FX:GBPCAD   British Pound/Canadian Dollar
18 0 0
a year ago
GBP/CAD             has remained above the 200 day SMA and the Weekly Pivot and has just climbed above a clearly defined pitchfork (XY). Price is also moving north of a second channel (AB). I'm LONG from 2.0156 with an initial target of WR1 at 2.0357
a year ago
Trade active: STOP moved to 2.0052 on this trade
a year ago
Trade active: I use 2 types of STOPS. A hard STOP that I will not change and a soft STOP that I will adjust depending on how the trade develops. Yesterday saw some very choppy price action on this pair but I remained reasonably confident that my analysis was correct. This trade now has a hard STOP at 2.0014 which is just below yesterdays low. As long as we don't sink below the upper edge of the XY pitchfork, this trade may make progress.
a year ago
Trade closed: stop reached
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