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Thursday, 14 January 2016

GBPCAD Technical Analysis For Your Learning : 14 January 2016, Thursday, 9.58pm Singapore Time

Attached above is the hourly chart for GBPCAD.

My longs entry and longs exit as per circled in chart. Was expecting an immediate profits right after my longs analysis yesterday: http://donovan-ang.blogspot.sg/2016/01/gbpcad-13-january-2016-wednesday-307pm.html

Had to withstand a shake-out. I am taking partial profits as a risk management strategy with reasons as highlighted in chart.

Above are the profits in (CD) Canadian Dollar.
Below are the profits converted into (SGD) Singapore Dollar.

Profits in this trade:
+S$ 11,611.87 SGD

S$ 37,430 + S$ 11,611
= S$ 49,041 SGD

Trading Journal:

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