British Pound / Canadian Dollar

GBPCAD - Wedge breakout

Updated

Waiting for price to break out of wedge for confirmation

Note

Took a Long@1.6310 as price is supported by MAs. SL@1.6235 TP@1.6450

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Trade active

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1/2 position closed +100
SL moved to +5

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Will close a quarter of the remaining half position if price hits 1.6460

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Trade closed +5.
Total pips +105

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2nd attempt
Took Long @1.6300 SL@1.62

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Will take half off if price hits at 1.6400 and move SL to +5

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Took half off +100 and SL moved to +5. Remaining half in play for TP as plan
Total Pip on 2 two GBPCAD trades = +205

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Closed half of the remaining half position (ie 000000o0ne quarter)0 and SL moved on the remaining half to +50

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Final quarter position SL moved to +100

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last quarter position SL moved to 1.6550

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TP hit @1.6700 + 400
Will look for reentry on retracement

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