trading range Tag

Following previous GBP:CAD analysis today I entered a swing long position from support. To understand the history behind this position you'll need to read this post  and this follow up post. I still believe we'll see an eventual break down through the support thats held GBP:CADs trading range over the last 3 Years, however as I pointed out before, another test of major support was very likely due to the lack of consolidation following the previous test.

I put so much energy into day trading the volatility over the last Week that I actually missed out on some reasonably good swing trade set-ups that were previously discussed here. One of those was AUD:USD for a swing long, I actually entered that position but got frightened out of it for a small profit as the markets became quite uncertain and jumpy surrounding Cyprus and Europe news.