Tuesday, April 24, 2012

GBP/CAD trade update 2

The 1.6 held to my delight and we now have a 4H close below the daily HCR level. If all goes well, the daily HCR level should now be acting as resistance if price decides to pull back.

With this logic in mind, the stop is now at -10 pips which is like a1/6th of the original risk (1%)


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