GBP/CAD
Currently 100 pips in profit. I'm a little worried about this trade however as it's very extended. A better entry would have been the day before I entered although that was at monthly resistance which is why I was reluctant to enter.
BB - Bullish for the last 6 months. Last month just closed above the shadow although that was at resistance from April 2017. This month so far has crashed through that so bullish.
Boss - Entered 3rd week inside WCC although big SS last week appeared bearish as at monthly support.We are still well above the strat shadow however and extended so caution advised.
Worker - Monday put in a BUEB above the WCC resistance. This was however at monthly resistance also so I didn't enter. Especially after seeing the big SS on the weekly chart. The following day however a big bullish candle closed above both resistance levels and also the BRN 1.800. I placed an entry above the high of that candle which was hit yesterday and continues upward.
Stop loss is below the monthly support and also the top of the strat shadow.
First target is just below the new monthly resistance at 1.85471.
Again this is a risky trade as the R:R is not good which is because I entered when it was very extended after a big move. This evening I will move my SL to B/E on this one to please rule #1 and preserve my capital. If it goes it goes and if not I lose nothing.
Currently 100 pips in profit. I'm a little worried about this trade however as it's very extended. A better entry would have been the day before I entered although that was at monthly resistance which is why I was reluctant to enter.
BB - Bullish for the last 6 months. Last month just closed above the shadow although that was at resistance from April 2017. This month so far has crashed through that so bullish.
Boss - Entered 3rd week inside WCC although big SS last week appeared bearish as at monthly support.We are still well above the strat shadow however and extended so caution advised.
Worker - Monday put in a BUEB above the WCC resistance. This was however at monthly resistance also so I didn't enter. Especially after seeing the big SS on the weekly chart. The following day however a big bullish candle closed above both resistance levels and also the BRN 1.800. I placed an entry above the high of that candle which was hit yesterday and continues upward.
Stop loss is below the monthly support and also the top of the strat shadow.
First target is just below the new monthly resistance at 1.85471.
Again this is a risky trade as the R:R is not good which is because I entered when it was very extended after a big move. This evening I will move my SL to B/E on this one to please rule #1 and preserve my capital. If it goes it goes and if not I lose nothing.
Study enough and it all starts looking like the Matrix...