GBPCAD potential Homerun trade
Updated
The Daily is bullish and a nice support level has formed. price is currently being supported by 60 Kejun Sen (blue Line) and that would be our entry
Entry = 1.7020 (+ 2 pips to account for the spread on buy limit orders so 1.7022)
Stop = 1.6990
Risk = 30 pips
PT = 1.7236 (+216)
RRR = 7.2 -1
Entry = 1.7020 (+ 2 pips to account for the spread on buy limit orders so 1.7022)
Stop = 1.6990
Risk = 30 pips
PT = 1.7236 (+216)
RRR = 7.2 -1
Trade active
this trade is now Active :)Trade active
Took some heat on the trade but the Support level held and we ended with a Bullish engulfing :)Trade closed: stop reached
Unfortunately, this hit our stop. :(
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.