British Pound / Canadian Dollar forum


It is bearish for me what about you?
30pips SL.
The spread is quite wide at about 3pips so I am not comfortable in trading this pair now that I am off the laptop already.
I turned on my laptop just to record this eyeball-ed trade.
Will be shifting SL to BE when price reaches +0.9R TP.
And shifting BE to 1R when price reaches -1.9R TP or so.
Exiting manually when price stops moving for some times manually.
Just eyeballing, I am not trading this pair.
Price has broke through the Major Resistance level, I think it is quite significant movement to watch.
Volume is dwindling too as seen.
at NY open, transaction volume shot up and then came back down.
Usually I prefer to trade when price moves around the previous marketplace level marked by the dashed green lines(major resistance level).
I have a feeling this trade will be a loss but I want to reiterate that this is a nice study to eyeball.
0021SGT 15042025



