See daily chart of GBPCAD below for the discussion that follows.
Last week my post was also about GBPCAD. It did retest the mentioned breakout area, but I never got confirmation to go long. This ended up being a failed breakout.
GBPCAD is currently close to another area of support which I’m interested in. I’ll consider a long trade if I see the relevant price action / candles that confirms the support.
This has been a very tricky market. It’s very news driven in my opinion. For that reason I’ve been trading less because markets like these tend to mess with my head. Be careful out there.
Remember, always have your own trading plan and never follow other people blindly. Always know where you will be proven wrong on any trade and have stops in place. Stick to your stops and never bet the farm.
On Ideas: Please don’t take this as trading advise. Please do your own due diligence before entering any trade. Also see Disclaimers.
Thanks for reading.
Thanks and Regards,
Trading SOS SOS