GBPCAD - LONG
Updated
Set up: Price just broke above a daily level of resistance (green rectangle) in a bullish impulse to the upside. On H4 it's beginning to form a little uptrend. Prices should now retest the resistance now turned support which we'll use for our long entry on this set up.
Trade: Entry at the R/S (green area) with the SL not far from the previous low to allow for the expected volatility due to fundamentals.
First TP is set a few pips shy of the weekly high, second TP is all the way to December close.
Trade: Entry at the R/S (green area) with the SL not far from the previous low to allow for the expected volatility due to fundamentals.
First TP is set a few pips shy of the weekly high, second TP is all the way to December close.
Order cancelled
Trade was never triggered due to the historic market volatility and prices shot right up in the predicted direction
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