In this review. I made an analysis to first in long position that I was in the right direction, but as I make a wrong to closed up a long position and then shorting GBP/CAD that I commented a possible bearish rising wedge in formation. As I loss in this trade 6.56% and the only earns was small like 1.16%. This will turn in 5.41% in loss hold in this trade
But it's the same case of my past analysis in EUR/USD and USD/CAD. The only when I was in long, I don't supposed to closed up this long position when I was in good believing after that this it's a potential bearish rising wedge. In my case, for this kind of analysis, it's necessary to work a little more and always I will use price action o read better this analysis. This long position that I took in Monday, this could be a excellent opportunity. But I see that I will need to be a little more patience to hit my target, read the price action better and what said in timeframes and then don't entry in panic as sometimes the trend only cheat us.
And I believe that this kind of analysis, to add here, when it's talk about a change of trend, it's will being a good option that a change of trend need to make a break up and fall in the market structure to confirm it.
But it's the same case of my past analysis in EUR/USD and USD/CAD. The only when I was in long, I don't supposed to closed up this long position when I was in good believing after that this it's a potential bearish rising wedge. In my case, for this kind of analysis, it's necessary to work a little more and always I will use price action o read better this analysis. This long position that I took in Monday, this could be a excellent opportunity. But I see that I will need to be a little more patience to hit my target, read the price action better and what said in timeframes and then don't entry in panic as sometimes the trend only cheat us.
And I believe that this kind of analysis, to add here, when it's talk about a change of trend, it's will being a good option that a change of trend need to make a break up and fall in the market structure to confirm it.
