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jjburrel

GBP/CAD rolling over under 1.75?

Short
British Pound / Canadian Dollar (FX:GBPCAD)  
jjburrel Updated   
FX:GBPCAD   British Pound / Canadian Dollar
Trend Analysis
5
0
trendanalysis
My last GBP/CAD idea rolled over, so I’m just responding to what the market is doing. I can go 1 for 5 with the proper R:R, so losing a trade is part of the process. Looking at the this idea under 1.7500.

Entry: 1.7498
Stop: 1.7550
TP1: 1.7280
TP2: 1.7000
Comment:
Moving stop to breakeven as I do not expect a retest of 1.75 if this market is going to drop. Will reassess price action if stopped out.
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