GBPCAD / Daily Breakout
2018-5-21
1. GBPCAD has BO recent daily Low
2. A consolidation area (Blue Zone) has formed after the BO
3. We look to Short when for a BO of this area (Blue Zone)
Stop Loss above the area high
Targets as shown
1. GBPCAD has BO recent daily Low
2. A consolidation area (Blue Zone) has formed after the BO
3. We look to Short when for a BO of this area (Blue Zone)
Stop Loss above the area high
Targets as shown
Note
Price is retesting previous breakout and gave us a nice RR.
Stop Loss above Previous High (Red Arrow)
Targets as shown
Trade closed: target reached
TP#1 Reached+163 pips
Note
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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.