GBPCAD - Technical Analysis [Short Setup]
🔹 GBPCAD Analysis on 1HR chart
- The current Trend BULLISH
- Bearish Divergence is Present
- No Reversal pattern
- If HL breaks, we will take short position
🔹 Trade Plan
- Entry Level = 1.78051
- Stop Loss = 1.78599
- TP1 = 1.775
- TP2 = 1.7696
🔹 Risk Management
- First TP is 1:1
- Second TP is 1:2
🔹 How to Take Trade?
- Only risk 2% of your portfolio
- Take 1% risk entry with 1:1 RR
- Take 1% risk entry with 1:2 RR
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- The current Trend BULLISH
- Bearish Divergence is Present
- No Reversal pattern
- If HL breaks, we will take short position
🔹 Trade Plan
- Entry Level = 1.78051
- Stop Loss = 1.78599
- TP1 = 1.775
- TP2 = 1.7696
🔹 Risk Management
- First TP is 1:1
- Second TP is 1:2
🔹 How to Take Trade?
- Only risk 2% of your portfolio
- Take 1% risk entry with 1:1 RR
- Take 1% risk entry with 1:2 RR
Like and subscribe to never miss a new idea! ✌🏼
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.
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.