GBPCAD Break out - Long position
I think there will be a break out to the upside for the GBP against the CAD.
around the 2.05 mark there was once resistance which is now kind of a support area. There is a big pair of tweezer bottom candles on the 12th and 13th January.
there is a long trend up - and some consolidation around the 2.06 point where I entered.
Price forming into the point of a triangle - have allowed a bit of room on the stop loss.
let me know your thoughts.
around the 2.05 mark there was once resistance which is now kind of a support area. There is a big pair of tweezer bottom candles on the 12th and 13th January.
there is a long trend up - and some consolidation around the 2.06 point where I entered.
Price forming into the point of a triangle - have allowed a bit of room on the stop loss.
let me know your thoughts.
Trade closed: stop reached
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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.