GBPCAD LONG 1 HR BREAK AND RETEST TRADE SETUP
Updated
Hi everyone:
As we all know the GBP news yesterday, it's a good opportunity to buy GBPCAD targeting the
daily resistance area of 1.6475 and 50 EMA
1 HR chart broke out 2 short term resistance trend lines,
coming back to retest the trend line, pivot, and 50 EMA. Enter the trade @1.6130.
Target 1: 1.6350 (4.4% Profit)
Target 2: 1.6475 (6.9% Profit)
Thank you for your support and feedback.
Trade: #13 (2017)
Date: 01/18/2017
Time: 15:00 GMT
As we all know the GBP news yesterday, it's a good opportunity to buy GBPCAD targeting the
daily resistance area of 1.6475 and 50 EMA
1 HR chart broke out 2 short term resistance trend lines,
coming back to retest the trend line, pivot, and 50 EMA. Enter the trade @1.6130.
Target 1: 1.6350 (4.4% Profit)
Target 2: 1.6475 (6.9% Profit)
Thank you for your support and feedback.
Trade: #13 (2017)
Date: 01/18/2017
Time: 15:00 GMT
Comment
This is the multi time frame analysis:Comment
Hit first target @1.6350 for 4.4% profit!Can sell now or move stop loss to break even and target the daily resistance @ 1.6475 for 6.9% Profit.
Comment
Hit my second profit target @1.6475 for 6.9% profit. Can take partial profit now or target 3rd target @1.67 for 9.5% Trade closed: target reached
Exit the trade @1.6550, 7% Profit. Massive Win. 
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.