The GBP/CAD Pair presented a break from the SurpriseBox to the upside on the 8h chart. The SurpriseBox was formed on the 8h chart around the 200sma (red line). As predicted, the fed news brought volatility. Call me weak hands but I sold all my position near 1.6300 for a 20-25 pip profit. Will keep watching this pair for further opportunity.
Disclaimer: I trade the patterns depicted either at the entry point stated (e.g. trading channel, breakouts) or afterward. Although my trades are based on technical analysis, trading forex is a risky activity and may produce significant monetary loss. I only make public the trades that I am considering to make, or made and the rational for them. Not intended necessarily as trading recommendations.
