GBP/CAD is going long
Took this trade earlier at the break of the trend line when price was at 1.73633 and closed this trade at 1.74440 and closed out with £92.52 profit.
As you can see there was a flag pattern forming on the 4 hour chart I waited until after the 3rd touch of the resistance line to go in and trade and it broke out on the 4th time closed early but happy with my profits in total I caught 807 pips in one day so this was a very good trade.
Stop loss:1.73118
Take profit:1.74944
Risk/Reward:3/1
The ichimoku is used to help confirm the direction of the trend as I mainly just use price action for my main analysis.
Please feel free to like and follow and share my ideas with a friend😊
As you can see there was a flag pattern forming on the 4 hour chart I waited until after the 3rd touch of the resistance line to go in and trade and it broke out on the 4th time closed early but happy with my profits in total I caught 807 pips in one day so this was a very good trade.
Stop loss:1.73118
Take profit:1.74944
Risk/Reward:3/1
The ichimoku is used to help confirm the direction of the trend as I mainly just use price action for my main analysis.
Please feel free to like and follow and share my ideas with a friend😊
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