Good evening traders
I sense GBP/CAD dropping down to the big boss support area around 1.62 over the course of January.
big boss, boss & worker are trending down; boss has tested 100 ema in the week of Nov 27th, worker ema's are starting to cross over towards downhill. Last week has closed below WCC support of 1.6915 after 4 weeks (yellow line, will be adjusted to last weeks high/low after posting)
I think price will pull back at 1.67 and form a LH, so I'll wait for a confirmed swing and enter 3 contracts at below a legit signal (preferably a SS).
Bespoke target is 1.62, s/l at daily high of entering signal.
Will close 2 contracts at 1.66 and move s/l to where I entered the trade. 3rd contract will be open until target is reached or if it idles after 3 days.
I sense GBP/CAD dropping down to the big boss support area around 1.62 over the course of January.
big boss, boss & worker are trending down; boss has tested 100 ema in the week of Nov 27th, worker ema's are starting to cross over towards downhill. Last week has closed below WCC support of 1.6915 after 4 weeks (yellow line, will be adjusted to last weeks high/low after posting)
I think price will pull back at 1.67 and form a LH, so I'll wait for a confirmed swing and enter 3 contracts at below a legit signal (preferably a SS).
Bespoke target is 1.62, s/l at daily high of entering signal.
Will close 2 contracts at 1.66 and move s/l to where I entered the trade. 3rd contract will be open until target is reached or if it idles after 3 days.