GBPCAD short? Let's grab a few pips and re-engage Long

See callout bubbles. Just want to grab a few pips. My overall bias is Long for this pair. CAD event risk tomorrow. GBP has seen a nice run up. Expecting it to cool off and let the CAD have some attention within highlighted range. ; )

Trade fermée manuellement:

This one worked out really well. Price came in, started showing weakness Thursday night. More weakness before US open on Friday morning and as soon as the news came out, CAD strengthened and price came way down. Now let's see if we can re-engage and join the longer-term uptrend.

Commentaire:

This one really took off much quicker than I initially thought it would. Nonetheless, we were on the correct side. I have since re-engaged in GBPCAD long and I am looking to ride to new highs on CAD and Oil weakness coming into the market.