We're currently analyzing the 30M timeframe of GBPCAD, where the market price is forming a range. The key question is: which direction will the price break?
1: If the price breaks upwards, we'll enter a buy trade, targeting 1.77880.
2:If it breaks downwards, we’ll look to execute a sell trade, with targets at 1.76510 and 1.76260.
Candle confirmation is essential, and we'll only execute the trade once we have that confirmation in hand.
Always use stoploss for your trade.
Always use proper money management and proper R:R ratio.
#GBPCAD 30M Technical Analyze Expected Move.
1: If the price breaks upwards, we'll enter a buy trade, targeting 1.77880.
2:If it breaks downwards, we’ll look to execute a sell trade, with targets at 1.76510 and 1.76260.
Candle confirmation is essential, and we'll only execute the trade once we have that confirmation in hand.
Always use stoploss for your trade.
Always use proper money management and proper R:R ratio.
#GBPCAD 30M Technical Analyze Expected Move.
Trade active
Trade Active.Note
Trade Active.Trade closed: target reached
Trade Close Target Reached.Our trade is close, both take profit 1 and 2 hit perfectly.
Note
Trade close.
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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.
Related publications
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.