GBP/CAD rolling over under 1.75?
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
Entry: 1.7498
Stop: 1.7550
TP1: 1.7280
TP2: 1.7000
Note
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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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.