GBPCAD Buy signal Setup with potential for longterm hold
Heres my analysis on GBPCAD before the week gets started.
enjoy a free signal.
trade at your own risk.
BUY
Symbol: GBPCAD
Entry: 1.727 (market)
Best Entry: 1.723 (Buy limit)
Stop Loss: 1.717 (-100 to -60 pips from B.E.)
Take Profit: 1.7445 (+175 to +215 pips from B.E.)
Take Profit 2: 1.763 (+360 to +400 pips from B.E.)
enjoy a free signal.
trade at your own risk.
BUY
Symbol: GBPCAD
Entry: 1.727 (market)
Best Entry: 1.723 (Buy limit)
Stop Loss: 1.717 (-100 to -60 pips from B.E.)
Take Profit: 1.7445 (+175 to +215 pips from B.E.)
Take Profit 2: 1.763 (+360 to +400 pips from B.E.)
Trade active
We got our best entry buy price @ 1.723
price came down precisely to our best entry price area
respected the area and sharply reversed to the upside
we are currently +85 pips from Best entry +45 pips from Normal entry
Note
We are about half way to our Take profit point 1Note
yesterday market came within 1 pip from stop loss
maybe increase sl by 5 pips
currently at our best entry
I honestly see a consolidation above resistance
which usually indicates an upward move
Trade closed: stop reached
Bearish trend confirmed
We are below support
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.