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GBPCAD H4: BEST Level to BUY/HOLD +250/+500 pips(SL/TP)(SWING)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
tagged as LONG because I expect reversal
from 5560/5580. read entire idea before executing!
🔸 Summary and potential trade setup
::: GBPCAD 4hours/candle chart review
::: trading in defined long-term range
::: currently pullback mode progress
::: trading here is risky
::: for best results BUY LOW from my level
::: 5560/5580 reload BULLS tight SL
::: BULLS will take from there
::: expecting reversal / re-test of 6080/6100
::: get ready to BUY LOW using tight SL
::: best entry: 5560/5580
::: recommended strategy: BUY/HOLD 5560/5580
::: TP1 BULLS +250 pips TP2 BULLS +500 pips
::: final TP BULLS is 6100
::: SWING trade setup do not expect
::: fast/miracle overnights gains here
::: good luck traders
🔸 Supply/Demand Zones
::: 5560/5580 fresh demand zone
::: 6100 fresh supply zone
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment short-term: BULLS
::: Sentiment outlook mid-term: BULLS
RISK DISCLAIMER:
Trading Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.