GBPCAD Daily Long

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    Welcome to the inside of my trading brain. I built this forum so that I could jot down my thoughts as I take trades, as well as being able to add follow-ups for further analysis.

    Feel free to post your own thoughts or comments, I just ask that you keep it real and friendly at all times, cheers!

pdr

Still have my trading 'L' Plates
Staff member
#1
Took a long entry on the GBPCAD Daily chart, the original entry below.

GBPCAD_2018-01-10_17-41-17.png

Taking a look at a recent chart (below0, you can see the candle I based the trade on, as well as SL, TP and R:R (Risk:Reward). The trade was supported by a 'W' formation/pattern that could've been taken as a bullish sign to enter earlier (by a bar or 2 depending on when you were viewing the chart).

GBPCAD_Forum_1.png

I'll update this trade over the next couple of days as we near either TP or SL.