GBP/CAD: Looking for Long Entry Near 1.80 to 1.78

GBP/CAD: Looking for Long Entry Near 1.80 to 1.78

GBP/CAD has had some major movements as of late. To the downside.

Again this pair has been bouncing some big bounces creating a few good trades. This pair can whip out trades like crazy and can take out stops like nothing so be careful and use a wider stop than you normally would

Take a look at the chart- The low was around 1.78 and I got an entry at 180.12 I took some profits when it hit 1.90 1000 pips. I have not made another yet as I'm waiting for price to drop a bit further so the risk is less

Stay tuned when I find one I'll post a trade alert - For now I'm watching this pair to see if it goes lower before the Rate Decision on Thursday

Strategy: Long at or near support of 1.80 area