GBPCAD
Updated
Third time is the charm.
Along with OPEC meeting going on today. We get a positive decision for my case and they cut production.
I took off a third of my position at the 1.7270 level.
I am putting back on a full 1% with stops the same area.
Along with OPEC meeting going on today. We get a positive decision for my case and they cut production.
I took off a third of my position at the 1.7270 level.
I am putting back on a full 1% with stops the same area.
Note
Despite getting stopped out on Oil. I am still bullish Oil and the CAD. They have finally cut production. It could be too late but Oil should recover a bit.
Price is still hovering around the area in blue. Once wicking up to 1.75 level. Hopefully it can be sustained and we finally get our push down.
Note
4th time the charm? Trade closed: stop reached
Stopped out at B/E. What I did wrong was not paying attention to the ranging market with a bullish flag being formed. Now I know to look out for this. GBPJPY may have been a similar set up two weeks ago. This is the second time I have been shorting despite a bullish flag being formed. Writing it here should help meNote
Note
I am watching price at 1.76
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