Update on GBPCAD

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The trade took me out at a small loss as I was able to move my stop level on time, when market moved my way at the beginning of the trade. I was quick on money management. As discussed here in my previous post, here is the update on this setup. My entry was wrong as the sellers didn't react from the first supply area where I took the entry. As you can see below, the second supply area reacted well and price collapsed from the green line. I am anticipating a mini range, at the current S&R area, to go short. The target is still at the red line. The unemployment rate and employment change will be released for CAD tomorrow. The NFP result will also be released as well. It's gonna be a volatile day tomorrow in the market.

Update on GBPCAD

Trade Carefully and Happy Weekend to you all.

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