Gbp/Cad Sell Idea
Gbp/Cad's swing up looks exhausted on the daily time frame.
I am looking for a sell signal on the early time frames.
Some people use a moving average crossover to give them the sell signal.
I have 3 take profit's on the chart.
This idea is based upon a phenomenon knows as support and resistance.
This current area that Gbp/Cad is in , has not been broken in a few days, So this makes the current price area " A Area Of Resistance "....
But you can't sell right now! You have to wait until you get a sell signal on earlier time frames or whatever time frame you are trading on.
Please use risk management when trading. When I Trade Big , I always lose the trade. When I trade smaller and give the trade room to breathe with a decent stop loss, I usually win the trade.
I am looking for a sell signal on the early time frames.
Some people use a moving average crossover to give them the sell signal.
I have 3 take profit's on the chart.
This idea is based upon a phenomenon knows as support and resistance.
This current area that Gbp/Cad is in , has not been broken in a few days, So this makes the current price area " A Area Of Resistance "....
But you can't sell right now! You have to wait until you get a sell signal on earlier time frames or whatever time frame you are trading on.
Please use risk management when trading. When I Trade Big , I always lose the trade. When I trade smaller and give the trade room to breathe with a decent stop loss, I usually win the trade.
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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.