GBPCAD - 4H Double Bottom Long!
GBPCAD - 4H Double Bottom Long! Price has formed a double bottom on the 4H timeframe and then broke the bearish trend line through previous resistance. Price has now retested this zone and I have therefor taken a long trade with a great R:R of 1:6. Time will tell if this pair can push to my TP of 260+ pips.
Note
+80 Pips. SL has been moved to entry (1.69116) and this trade is now risk free.Note
+145 Pips. SL has been moved to 1.70025 (+90 Pips).Note
+175 Pips. SL has been moved to 1.70421 (+130 Pips).Trade closed: target reached
+130 Pips (1 Day, 16 Hours)Note
+265 Pips (Original Target Reached)
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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.