FOREX TECHNICAL ANALYSIS GBPCAD 13 AUGUST

FOREX TECHNICAL ANALYSIS GBPCAD 13 AUGUST

Classic textbook failure off of previous support gives us a low risk buying opportunity on GBPCAD.  Nothing much to talk about here.  Reward to risk ratio over 2.5 to 1 initially, then increases as we trail stops beneath the new low as new highs are being formed.  Enjoy!  

 
Happy Trading!
 
Gregory King
 
 
 
Gregory King a foreign currency trader, Fund Manager, and math aficionado. “My cardinal tenet will always be "Keep Trading Simple." I sincerely believe, that in the long run, the market can be exploitable in a few situations if one has the forbearance to stick to the simple fundamentals. Overtrading is the main detriment for the demise of majority of trading careers.
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