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

Atualizado
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.

captura
Nota
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.
Nota
When it drops this fast, you just have to take profit.
captura

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

captura
Trade fechado: stop atingido
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.

captura
Nota
Maybe I go long actually now...

captura
Trade ativo
Long GBPACAD

captura
captura
Nota
Interesting.
captura

What happens now when I remove the rectangles?

captura

The prophecy is true.
youtube.com/watch?v=uwmeH6Rnj2E
Nota
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.
captura

Looking pretty good on the daily.
captura
Nota
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.

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

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

captura

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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