GBPCAD chart analysis
Hey everyone,
In this analysis, price is showing us a slight bullish correction after the sharp impulse. which indicate the phase is about to complete impulse>correction>impulse.
Now my bias for this is a buy on possible touch on trendline.
WHAT ARE WE EXPECTING:
# a lower time frame bullish continuation pattern to form/break of trendline
HOW DO WE ENTER:
# rejections candles for risky entry
# for reduce risk entry we need to see a break of trendline followed by a retest or a lower time frame correction
INVALID SETUP
# when you see a sharp impulse followed by a bearish continuation correction which means trend change
TARGET:
# top of slight correction
THANKS FOR READING
AS ALWAYS TRADE SAFE AND STAY SAFE!!
In this analysis, price is showing us a slight bullish correction after the sharp impulse. which indicate the phase is about to complete impulse>correction>impulse.
Now my bias for this is a buy on possible touch on trendline.
WHAT ARE WE EXPECTING:
# a lower time frame bullish continuation pattern to form/break of trendline
HOW DO WE ENTER:
# rejections candles for risky entry
# for reduce risk entry we need to see a break of trendline followed by a retest or a lower time frame correction
INVALID SETUP
# when you see a sharp impulse followed by a bearish continuation correction which means trend change
TARGET:
# top of slight correction
THANKS FOR READING
AS ALWAYS TRADE SAFE AND STAY SAFE!!
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