Expecting a retest to this Strong Support Level for GBPCAD. Watch for signs of reversal. GBPCAD Long on rejection
Catalyst may come this week with Fed Taper Talk for USD.
Swing has potential to be 500+ pips if full reversal presents itself
Entry 1.6900
S/L 1.6850 (Bigger stop loss due to swing potential)
TP 1 1.6950
TP 2 1.7000
TP 3 1.7050
TP 4 1.7180 (Weekly 200 day EMA) full reversal to go higher
Catalyst may come this week with Fed Taper Talk for USD.
Swing has potential to be 500+ pips if full reversal presents itself
Entry 1.6900
S/L 1.6850 (Bigger stop loss due to swing potential)
TP 1 1.6950
TP 2 1.7000
TP 3 1.7050
TP 4 1.7180 (Weekly 200 day EMA) full reversal to go higher
Trade active
limit order filledTrade active
Can set your s/l into profitTrade closed: stop reached
Stop profit 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.