GBPCAD - Pin Bar Breakout (Idea #2)
We are long today on a breakout of the high of the pin bar.
Daily chart showed pin bar rejection from strong support at weekly S1
However RSI is Flat but encouraged by leaving over sold zone since Early March.
Entry: 1.86912 (Buy Stop)
SL 1.85000
TP1: 1.87100 (For conservative traders, Recommend taking half trade profit then moving SL to Entry for the remaining half)
TP2: 1.8925
Daily chart showed pin bar rejection from strong support at weekly S1
However RSI is Flat but encouraged by leaving over sold zone since Early March.
Entry: 1.86912 (Buy Stop)
SL 1.85000
TP1: 1.87100 (For conservative traders, Recommend taking half trade profit then moving SL to Entry for the remaining half)
TP2: 1.8925
Trade active
Buy Stop Order TriggeredEntry 1.86912
Trade closed: stop reached
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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.
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.