British Pound / Canadian DollarEducation
GBPCAD Trade Plan (11 ~ 15 Nov 2019)
Updated
Ichimoku Trends:
Weekly Trend: Bearish - not clear
Daily Trend : Bullish - clear
H4 : Bearish - not clear - sideway
H1 : Bearish - not clear - sideway
Remarks:
To trade according to D1 trend.
Trade Plan:
1- Wait for H4 breakout at 1.6970 and and retest resistance become support 1.6900.
2- Enter long at H1 resistance at 1.6915 and retest support.
3- Enter short at H1 kumo breakdown.
3- Wait to buy when price come to D1 support level at 1.6660
Setup invalid if : Price break and close below H1 kumo for long entry or price breakout kumo H1 for short entry.
Target : 1 risk : 3 reward or Wave 5 for long or D1 support level for short.
Weekly Trend: Bearish - not clear
Daily Trend : Bullish - clear
H4 : Bearish - not clear - sideway
H1 : Bearish - not clear - sideway
Remarks:
To trade according to D1 trend.
Trade Plan:
1- Wait for H4 breakout at 1.6970 and and retest resistance become support 1.6900.
2- Enter long at H1 resistance at 1.6915 and retest support.
3- Enter short at H1 kumo breakdown.
3- Wait to buy when price come to D1 support level at 1.6660
Setup invalid if : Price break and close below H1 kumo for long entry or price breakout kumo H1 for short entry.
Target : 1 risk : 3 reward or Wave 5 for long or D1 support level for short.
Note
Be careful of triple tops.
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