Short

GBP/CAD - Long Term Short Part 1

Updated

I'm short GBP/CAD; I tried to do a video like 5 times and it's not posting, so as soon, as i'm able to do one, I'll highlight why i went short.

Specifics
Short @ 1.83532
SL @ 1.85688
TP @ 1.66430

This is the video for this trade setup.

Note

I guess i should of posted a daily chart in the top screen capture to see it play out a little nicer after hitting the play button.

Either way, as of this morning we are sitting at 47 pip in profit at time of this update.

Trade active

Trade is progressing slowly, but progressing. Sitting around 40 pips in profit at the moment. Will continue to monitor.

Trade active

Price is currently just over 100Pips in profit. Will continue to monitor

Trade active

Trade is progressing nicely; currently sitting at 140 PIPS in profit.

Will be moving SL to just inside of entry to ensure I'm breakeven. You never know what could happen after the market closes today and opens on Sunday.

Trade closed: stop reached

Stop hit at 1.8344 after moving just below entry. Sucks it was stopped out, but at least not for a lose.

Note

I came back to check how this would have played out long term. I entered this trade in March and once it had moved in my favor, i moved my stop to just inside of breakeven and was stopped out.

However, if the stop and been left as originally entry and just let the trade run, would have had banked over 1,700 pips between Mar and the beginning of Aug.

Crypto_Sid

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