GBPCAD Short
Position Entry: 1.76299
SL: 1.77100
TP: 1.74993
Bearish Nen Star formed on the 4 Hr chart
Currency pair currently in a downtrend and has bounced off the 50% fib retracement level but not taking profit back at 0% level as this is out of my trendlines
Price Struggling to break Daily support - Only time broken was due to Fundamental News
Stochastic Oversold on Daily chart
Three TP levels have been placed at the different levels of retracement from the C to D levels - 38.2%, 50% and 61.8%
Risking 5% for potential 15% ROI
Position Entry: 1.76299
SL: 1.77100
TP: 1.74993
Bearish Nen Star formed on the 4 Hr chart
Currency pair currently in a downtrend and has bounced off the 50% fib retracement level but not taking profit back at 0% level as this is out of my trendlines
Price Struggling to break Daily support - Only time broken was due to Fundamental News
Stochastic Oversold on Daily chart
Three TP levels have been placed at the different levels of retracement from the C to D levels - 38.2%, 50% and 61.8%
Risking 5% for potential 15% ROI
Note
TP1 Target HitNote
TP2 Target HitNote
TP3 Target HitTrade closed: target reached
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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.