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British Pound / Canadian Dollar
Long
Updated

GBPCAD Trend-following LONG 15m

53
  • Strategy Explanation

    GBPCAD is in a very strong uptrend now in HTF, our trades must follow the trend in order to most effectively increase the probability to win.

    Buy Limit Order entry: 1.78141
    SL: 1.78043
    TP: 1.78506
    RRR: 3.76



  • Cautions

    If this trade fails, it does NOT mean the trend has reversed. Personally I will still look for LONG opportunities until some HTF downward Break of Structure confirmation has formed.


Note
snapshot
you can move your Stop Loss to your Entry now, to make this trade risk-free.
Trade closed: stop reached
snapshot
Exit breakeven. I should have set TP at the orange line, should not be greedy.
ForextWaveTrading
Supply and DemandSupport and ResistanceTrend Analysis

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.
Supply and DemandSupport and ResistanceTrend Analysis
ForextWaveTrading

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.