British Pound / Canadian Dollar

Updated

GBPCAD - Wedge breakout

Waiting for price to break out of wedge for confirmation

Note

Took a Long@1.6310 as price is supported by MAs. SL@1.6235 TP@1.6450

Note

Trade active

Note

1/2 position closed +100
SL moved to +5

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Will close a quarter of the remaining half position if price hits 1.6460

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Trade closed +5.
Total pips +105

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2nd attempt
Took Long @1.6300 SL@1.62

Note

Will take half off if price hits at 1.6400 and move SL to +5

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Took half off +100 and SL moved to +5. Remaining half in play for TP as plan
Total Pip on 2 two GBPCAD trades = +205

Note

Closed half of the remaining half position (ie 000000o0ne quarter)0 and SL moved on the remaining half to +50

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Final quarter position SL moved to +100

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last quarter position SL moved to 1.6550

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TP hit @1.6700 + 400
Will look for reentry on retracement

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Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.