GBPCAD, daily timeframe, bullish flag pattern materializedHello my friends,
Another pair come to my screener and this one is one of the good pair to trade.
I got some confirmations for GBPCAD to take buy position.
1st confirmation is price breaking above the bullish flag resistane
2nd confirmation is price bouncing of conversion and base line of ichimoku
3rd confirmation is ichimoku cloud is green indicating bulls are in control off this pair
4th confirmation is parabolic SAR finally moved below the price after lasting for 3 weeks above the pair
I am going to add buy position to this pair, i took 1st buy position at 1.7345 from 2 weeks ago and still holding it.
It never hit my stop loss so i never close it.
Buy limit GBPCAD 1.7370
Stop loss 1.7200
Take profit 1 @1.7575
Take profit 2 @1.7950
RR ratio is 1 : 3.4
Risk only 1-2% equity
Good luck
