GBPCAD Rallied nicely since I hit a long trade on the pair. The signal was from a daily chart so the stop was wide, and therefore I only took on half a position size on the trade. Regardless, I closed it today at a 337 pip profit. It will probably continue towards my initial target around 1.8700 but I am good taking profits right now before the Asian and London sessions get under way and pose a risk of a sharp downward reversal eroding the profits I already obtained. Here is the trade summary:
Half long at 1.8318, closed at 1.8655 for 337 pip profit
See original post with trade setup here
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PLEASE NOTE: THIS IS AN ELLIOTT WAVE BLOG EXPRESSING AN OPINION AND IN NO WAY GUARANTEES OR IMPLIES ANY PROFIT OR GAIN. TRADE AT YOUR OWN RISK.