GBPCAD SS Short + 126 Pip Potential
Updated
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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