GBPCAD continuation sequence of events: This entire move pushed up without first grabbing liquidity. We could see a potential pullback to fill the 4-hour candle with no bottom wick, creating liquidity for the overall move, as it currently lacks a proper liquidity grab, obv we wont go straight down, im usually in week long trades, happy to see how price action moves
GBPCAD I wanna record this right here for the 5 minutes time frame.
The trendline could be seen on the 5 Minutes Time Frame.
And price came back to stab the trend line level again.
Assume that I have entered based on the RRR as shown.
2012SGT 27032025
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Also, I am thinking what if I took two positions. 1 for 1R and second position for 2R(which I would be shifting the SL to BE when price hits 1R or almost hitting the 1R).
2014SGT 27032025
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I am thinking I could be more stingy, too by placing my orders at a further up price level so that I could get a better discount.
I might miss alot of opportunities, however, at least i don't lose.
I am risk averse.
And I am even more stingier on putting my emotions and mental energy at stake.