Hello Traders,
Hope you all are doing good!!
The pair is currently trading in Symmetrical Triangle.
As per the COT report, GBP is LONG biased by speculators whereas CAD on the SELL side.
Therefore, my Bias is LONG on the pair.
The pair most likely to bounce from the lower trend line of the triangle where 800 hour MA will also act as support.
TP1 @ 1.74790
TP2 @ 1.75750
Here we are trading different from traditional traders of waiting for break out. Why to waste pips when we can see the price movements before itself ??
Please follow me and like if you agree or this idea helps you out in your trading plan.
Disclaimer: This is just an idea. Please do your own analysis before opening a position.
Hope you all are doing good!!
The pair is currently trading in Symmetrical Triangle.
As per the COT report, GBP is LONG biased by speculators whereas CAD on the SELL side.
Therefore, my Bias is LONG on the pair.
The pair most likely to bounce from the lower trend line of the triangle where 800 hour MA will also act as support.
TP1 @ 1.74790
TP2 @ 1.75750
Here we are trading different from traditional traders of waiting for break out. Why to waste pips when we can see the price movements before itself ??
Please follow me and like if you agree or this idea helps you out in your trading plan.
Disclaimer: This is just an idea. Please do your own analysis before opening a position.
Track Record & other links:
linktr.ee/for3xscalper
linktr.ee/for3xscalper
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.
Track Record & other links:
linktr.ee/for3xscalper
linktr.ee/for3xscalper
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.