Part 1 — Previous Session Review

Yesterday was a difficult session and the numbers say it clearly: 3 trades, 0 wins, 3 losses, and a net result of -47.3 pips across GBPUSD, SOLUSD, and ETHUSD.

The common lesson was not that the market was impossible, but that follow-through was poor and risk had to be reduced faster once the first setups failed. GBPUSD offered limited clean continuation, while SOLUSD and ETHUSD remained vulnerable to sharp two-way moves. After a three-loss day, the priority is not to win it back quickly; it is to protect capital, reduce size if needed, and wait for cleaner confirmation.

Part 2 — Today’s Outlook & Watchlist

The main scheduled risk today is Canadian GDP m/m at 08:30 UTC. This is a high-impact release for CAD pairs, so spreads and short-term volatility can widen quickly around the print.

USDCAD is the primary watch. A stronger GDP reading could pressure the pair lower if the market prices a firmer Canadian growth backdrop. A weaker number could support a push higher, especially if price is already holding above intraday support before the release.

CADJPY is also worth monitoring because it often reacts sharply when domestic CAD data meets broader risk sentiment. If the data surprises and equity sentiment is stable, CADJPY can move cleanly; if risk appetite is poor, expect choppier execution.

Plan for today: avoid forcing trades before the release, wait for the first reaction to settle, and only take setups where the post-news structure is clear. After yesterday’s drawdown, discipline matters more than activity.