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British Pound / Canadian Dollar
Long

GBPCAD Daily IDEA for a longterm trade

47
GBPCAD showing strong bull candle off the bottom of the channel on the 2nd touch close to S/R on the Daily and showing momentum on the 4hr. Theory is that it will continue to the upside over the coming month or so.

Entry: 1.6870
SL: 1.6620(BREAK EVEN AFTER TP1 HIT)
TP1: 1.7210(R/R 1.4)
TP2: 1.7740(R/R 3.5)
TP3: 1.8790(R/R 7.7)
Shanty_Kid
Also on:
Chart PatternsGBPCADlongsetuplongtermtradeTrend Analysis

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.
Chart PatternsGBPCADlongsetuplongtermtradeTrend Analysis
Shanty_Kid
Also on:

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.