Day trade
Trade view / 30 May 2016 at 10:38 GMT

UPDATE: GBPCAD is searching for a new floor

FX Trade Strategist /
Instrument: GBPCAD
Price target:
Market price:
A slightly more hawkish Janet Yellen on Friday and thin, holiday markets led to GBPCAD gains in Asia which triggered the stop loss.

The timing of this idea was bad. The holidays in the UK and US today sucked liquidity out of the market while month end portfolio rebalancing flows suggested GBPUSD demand which appear to have born fruit.

The failure of GBPCAD to break below support in the 1.8980 area was an important sign that this idea may go pear-shaped and it was ignored resulting in a loss of .0097 points

Note: the second sell order was filled.

Original Trade idea parameters

Entry: Sell ½ position of GBPCAD at market (Currently 1.9006) balance 1.9080)

Stop: 1.9135

Target: 1.8775

Time horizon: 5 days

— Edited by Clemens Bomsdorf

Non-independent investment research disclaimer applies. Read more
Sultan73 Sultan73
Estuardorlemus Estuardorlemus
Thanks Mike, next will be better ! ;)
Michael O'Neill Michael O'Neill
I hope so.


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