Dump might soon prove too much for hedge funds to bear.

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We bounced on support, giving a short entry at a price not too bad.
If it goes up too much SL and aim to short it at 1.71-1.72.

Since there is a relatively strong support I will TP quick and wait for a larger bounce before shorting it aiming for the stars.

I do not expect support to break this easilly, I expect GBPCAD to retrace back down soon probably with RSI divergence on the 4HR, I TP, and then it goes up a few percent, and that is where I short it and HOLD. Support will break in a few weeks in my opinion, last week at soonest.

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Wanted to double up an hour ago, but spread was too high. Still pretty high. Anoying pair.

Actually spread is not my bad with my new broker. I forgot.
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When it drops this fast, you just have to take profit.
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Trading View needs a take profit post title.

I am pretty pissed I did not hear my GBPUSD alert, missed out on an easy winner...
Got to make sure I have my volume high enough...
Work just making me so tired I just pass out completely...
Grrr

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Сделка закрыта: достигнута стоп-лосс цена
What I had left got stopped by a pump. I think.
Oh well, whatever.
Hope it goes further up so I can join the trend for a while and take 3% or something like that.

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Maybe I go long actually now...

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Long GBPACAD

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Interesting.
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What happens now when I remove the rectangles?

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The prophecy is true.
youtube.com/watch?v=uwmeH6Rnj2E
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B0000M!

The 15 min RSI is getting pretty hot, so maybe the pounds drops a little, but I'll HODL, I am aiming for more than this. Let it go a little higher.
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Looking pretty good on the daily.
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It is retracing now, very probably because retail traders take profit when they are up 5%

I HAD to secure some, but I will HODL and aim for more.

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Aaaaand it's back up.
Idk if I should worry about the rsi divergence... it's just the 15 min chart.
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Peace.

Since I am going against the trend I am not going to be too ambitious :)

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If it goes down again, with rsi divergence again, I will go long, maybe aim more, and expect a 3rd drop with divergence wow that would probably mean a reversal.

Or if it goes up I get a good entry short to join the trend.
ForexGBPCADTrend Analysis

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