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British Pound / Canadian Dollar
Updated

GBPCAD Trade Idea

146
May be forming an Inverted Head and Shoulders pattern. Looking for the quick short for +90 pips, and then the big long once price forms the right shoulder.
Trade active
snapshot In profit.
Trade closed: stop reached
GBPCAD: snapshot After going +50 pips into profit, SL hit at BE. I will consider a re-entry, or waiting until it finds support for the big long entry.
Note
snapshot
You can't allow this kind of thing to frustrate you as a trader. It happens too much to get caught up on it. Markets will tap you out at BE and then go on to TP a lot!
Hahaaa!
What frustrates me is I was supposed to re-enter. I got distracted with a scalp and missed my opportunity.
Did you??
Order cancelled
snapshot
The plan was to short it until the R shoulder was complete, then go for the long swing.
It chopped me off, then abruptly abandoned the inverted h/s. Started the trip up early.... without me.
Thought I had this one dead to rights. The markets notified me I am not their boss today. LOL!
Next!
Note
RT_Money
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Chart PatternsGBPCHFgbpchfanalysisgbpchfforecastgbpchfideagbpchfsetupgbpchfsignalgbpchftradingsetupTrend Analysis

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Chart PatternsGBPCHFgbpchfanalysisgbpchfforecastgbpchfideagbpchfsetupgbpchfsignalgbpchftradingsetupTrend Analysis
RT_Money
Also on:

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.