Trade Recap: GBP/CAD Long Position
Trade Details:
Entry: January 15, 2025, at 1.75042
Stop Loss: 1.73868
Take Profit: 1.8251
Pips Gained: Approximately 1008 pips
Technical Analysis:
Trend: Upward momentum observed
Oscillators: Oversold conditions indicated a potential reversal
Fundamental Analysis:
GBP: Positive outlook due to higher government and consumer spending expected to aid the UK's economic recovery in 2025
FT.COM
CAD: Bearish sentiment as the Bank of Canada cut interest rates by 50 basis points to 3.25% on December 11, 2024, despite adopting a more hawkish stance
REUTERS
Outcome:
Result: Trade reached the take profit target, securing a gain of approximately 1008 pips
Note: Trading involves significant risk. Past performance does not guarantee future results.
Trade Details:
Entry: January 15, 2025, at 1.75042
Stop Loss: 1.73868
Take Profit: 1.8251
Pips Gained: Approximately 1008 pips
Technical Analysis:
Trend: Upward momentum observed
Oscillators: Oversold conditions indicated a potential reversal
Fundamental Analysis:
GBP: Positive outlook due to higher government and consumer spending expected to aid the UK's economic recovery in 2025
FT.COM
CAD: Bearish sentiment as the Bank of Canada cut interest rates by 50 basis points to 3.25% on December 11, 2024, despite adopting a more hawkish stance
REUTERS
Outcome:
Result: Trade reached the take profit target, securing a gain of approximately 1008 pips
Note: Trading involves significant risk. Past performance does not guarantee future results.
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.
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.