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
Note
This is the multi time frame analysis:Note
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.
Note
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. 
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