GBPCAD SS Short + 126 Pip Potential
Price is below the Daily, 60 and 15 KS as well as the cloud. This is a Type 1 trade with a High probability and good RRR.
Only looking for a Pullback entry today
Entry = 1.6838
Stop = 1.6858
Risk = 20 pips
Profit target = 1.6746
Reward = 92 Pips
RRR = 4.5-1
Only looking for a Pullback entry today
Entry = 1.6838
Stop = 1.6858
Risk = 20 pips
Profit target = 1.6746
Reward = 92 Pips
RRR = 4.5-1
Note
it is 3:30am and this Trade has not been triggered. Moreover the GBP pairs are, for the most part consolidating. Since their is Major UK News coming out in an Hours 4:30 am est. I am going to wait till after the news and re-evaluate. To be clear, Do Not Enter this trade till after the 4:30a am est. NewsOrder cancelled
UK News came out better than expected so we are seeing Strength in GBP. So this set-up is cancelled.
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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.