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British Pound / Canadian Dollar

GBPCAD Trade Idea

By RT_Money
Updated
May be forming an Inverted Head and Shoulders pattern. Looking for the quick short for +90 pips, and then the big long once price forms the right shoulder.
Trade active
snapshot In profit.
Trade closed: stop reached
GBPCAD: snapshot After going +50 pips into profit, SL hit at BE. I will consider a re-entry, or waiting until it finds support for the big long entry.
Note
snapshot
You can't allow this kind of thing to frustrate you as a trader. It happens too much to get caught up on it. Markets will tap you out at BE and then go on to TP a lot!
Hahaaa!
What frustrates me is I was supposed to re-enter. I got distracted with a scalp and missed my opportunity.
Did you??
Order cancelled
snapshot
The plan was to short it until the R shoulder was complete, then go for the long swing.
It chopped me off, then abruptly abandoned the inverted h/s. Started the trip up early.... without me.
Thought I had this one dead to rights. The markets notified me I am not their boss today. LOL!
Next!
Note
Chart PatternsGBPCHFgbpchfanalysisgbpchfforecastgbpchfideagbpchfsetupgbpchfsignalgbpchftradingsetupTrend Analysis
RT_Money
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