GBPCAD: Daily Position Trade
Updated
Whats up everyone ?
Coming back with a position trade, we are holding since 4 weeks on GBPCAD. The trade was first taken on the 4h timeframe bases, but as we zoomed out our take profit got larger. We are now on a daily timeframe analysis with two correction levels marked in yellow boxes. Our entry was at the top of level 2 correction and is now in profit +350 pips. Expecting another move down, our take profit is at the last low. BTW our system made 5.65% last month. Hear you guys soon!
Coming back with a position trade, we are holding since 4 weeks on GBPCAD. The trade was first taken on the 4h timeframe bases, but as we zoomed out our take profit got larger. We are now on a daily timeframe analysis with two correction levels marked in yellow boxes. Our entry was at the top of level 2 correction and is now in profit +350 pips. Expecting another move down, our take profit is at the last low. BTW our system made 5.65% last month. Hear you guys soon!
Note
Price is now at break even.
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