✨ GBPCAD: LTF CURVE ANALYSIS (2H) ✨ (UPTREND)
SLO2 @ 1.76054 ⏳ (SET PA)
SLO1 @ 1.7555 ⏳ (SET PA)
TP3 @ 1.75386
TP2 @ 1.74778
TP1a @ 1.7415
TP1 @ 1.73816
BLO1 @ 1.73235 ⏳(triggered w/+SL)
BLO2 @ 1.7308 ⏳
🔑
BLO = BUY LIMIT ORDER
LTF = LOW TIME FRAME
PA = PRICE ALERT
SL = STOP LOSS
SLO = SELL LIMIT ORDER
TP = TAKE PROFIT
NOTE: This pair is currently in an overall uptrend. However, the ITF (intermediate timeframe) show us in a downtrend PB (pullback), which could push price back to my BLO again. Position size appropriately if you plan to take advantage of the opportunity.
Short-term time frames (1-minute to 3 hour):
— Highly volatile, price movements can be fast and unpredictable.
— Suitable for day trading and scalping, but require constant monitoring and quick decision-making.
— Not ideal for beginners due to the risk and stress involved.
SLO2 @ 1.76054 ⏳ (SET PA)
SLO1 @ 1.7555 ⏳ (SET PA)
TP3 @ 1.75386
TP2 @ 1.74778
TP1a @ 1.7415
TP1 @ 1.73816
BLO1 @ 1.73235 ⏳(triggered w/+SL)
BLO2 @ 1.7308 ⏳
🔑
BLO = BUY LIMIT ORDER
LTF = LOW TIME FRAME
PA = PRICE ALERT
SL = STOP LOSS
SLO = SELL LIMIT ORDER
TP = TAKE PROFIT
NOTE: This pair is currently in an overall uptrend. However, the ITF (intermediate timeframe) show us in a downtrend PB (pullback), which could push price back to my BLO again. Position size appropriately if you plan to take advantage of the opportunity.
Short-term time frames (1-minute to 3 hour):
— Highly volatile, price movements can be fast and unpredictable.
— Suitable for day trading and scalping, but require constant monitoring and quick decision-making.
— Not ideal for beginners due to the risk and stress involved.
Note
As we approach TP2 on this trade, be alerted that a potential PB (pullback) is on the horizon. I anticipate a move to the downside (potentially) beginning between 1.7496 & 1.75092. Please shave or protect your profits if you've engaged in this idea. Let's get ready for the double up!Note
We've smashed these TP's and this trade is in the books/account! Hope you enjoyed. More trades to follow coming soon.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.