GBPCAD 5 minute boot camp 07-feb-2019
By now I'm sure you know the drill, vertical line for London open, horizontal lines for support and resistance. Trading GBPCAD this time as GBPAUD and GBPNZD have had substantial moves during the Asian session.
- Price had a few goes at closing below the round number and kept producing long lower wicks, entered when it started to show a higher high. Exit For a minor loss. Didn't enter short as it didn't close below support and/or 200ema.
- Enter short with trend as indicated by strat shadow, price unable to close above resistance. Stayed in as it kept pushing below the recent low. Exit on bullish candle from support.
Breakeven day today, slightly down for the month. Suspect there's not going to be much movement until the red news at 11Pm my time and I'm not staying up for that!