GBPCAD Trend-following LONG 15m
Updated
- 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
you can move your Stop Loss to your Entry now, to make this trade risk-free.
Trade closed: stop reached
Exit breakeven. I should have set TP at the orange line, should not be greedy.
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.