GBP/CAD long.
Price retraced at fib 0.382 zone indicating a strong trend and potential bullish move.
Fibonacci extension tool used from most recent extension move - 1.272 level is a previous level of resistance.
H3HC would be used as entry candle and buy at market order placed 1 pip above H3HC candle.
R:R of 1.13. Stop loss placed below Psychological level @ 1.6999.
240 - HTF - identify & predict
60 - LTF - decide & execute
Let me know if you entered this trade.
Joe
Price retraced at fib 0.382 zone indicating a strong trend and potential bullish move.
Fibonacci extension tool used from most recent extension move - 1.272 level is a previous level of resistance.
H3HC would be used as entry candle and buy at market order placed 1 pip above H3HC candle.
R:R of 1.13. Stop loss placed below Psychological level @ 1.6999.
240 - HTF - identify & predict
60 - LTF - decide & execute
Let me know if you entered this trade.
Joe
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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.