The time-frame to apply or close this hedge position profitably is less than 3 months, a more accurate estimate is probably 2-6 weeks.
GBPCAD latest quote 1.7393 sell target 1.725 for a 0.8% difference.
GBPJPY latest quote 145.96 sell target 144 for a 1.3% difference.
GBPUSD latest quote 1.3031 sell target 1.285 for a 1.4% difference.
USDCAD latest quote 1.3346 sell target 1.32 for a 1.1% difference.
USDJPY latest quote 111.97 sell target 110.75 for a 1.1% difference.
So far, 5 days into this 3 month hedge trade idea, the Great British Pound has performed favorably to the downside while the Canadian Dollar has performed favorable to the upside. The US Dollar is up. The Japanese Yen performed flat.
GBPCAD sell trade idea is responding the best, latest quote 1.732 from the original 1.739 for a 0.4% price difference posted 5 days ago. Target ongoing at the originally set 1.725 for a 0.4% difference from latest quotes.
The GBPJPY sell trade idea has also performed favorably, latest quote 145.313 from the original 145.96 for a 0.4% difference. Target ongoing at the originally set 144 for a 0.9% difference from latest quotes.
Update - April 25th, 8 days into this thread and trade idea.
The British Pound performed favorably to the downside while the Japanese Yen performed to the upside, also favorably. The GBPUSD is back at supports with the latest quote being 1.29. The GBPUSD sell idea 8 days ago was coupled with the quote 1.3031 with a target of 1.285. Now that the short-term price risk to the downside is relieved for the GBPUSD it is time to close the GBP side of the hedge at profit. Meanwhile the US Dollar short position against the Canadian Dollar and Japanese Yen remain active.
GBPUSD - The sell position founded at 1.3031 is 1.29 today creating an advisable opportunity to take profits for 1%. The original target was 1.285.
GBPJPY - The sell position founded at 145.96 is 143.84 today creating an advisable opportunity to take profits for 1.4%. The original target was 144, successful.
GBPCAD - The sell position founded at 1.7393 is 1.7412 creating an advisable opportunity to take a 0.1% loss to abandon GBP short exposure.
Remaining - USDCAD and USDJPY sell.
April 25th
April 17th
May 13th, 26 days later and closing time. I’m re-organizing threads and timings with threads that can be found in my AUdvantages profile.
USDCAD quote 1.344 for a 0.7% difference (loss) since the original quote 26 days ago.
USDJPY quote 109.12 for a 2.6% difference (gain) since the original quote 26 days ago.
Overall the thread was a success, aggregate gain amounted to 4.2% without increasing positions with 1X leverage per pair and within the anticipated duration for the trade which was 2-6 weeks, it’s only been 3 weeks.