go with the trend on 1-4 hr nothing else matters as much hold traDES
Trend is up Trend is oversold Highee timeframe is up It has made a double bottom This trade would is a high probability set up
I'm looking for buys on GBP/CAD on this area because: it's at the gold zone of the Fibonacci retracement its where the trendline liquidity lies it will be clearly over sold overall trend is up I would be looking for a confirmation though like double bottom or reverse head and shoulder. it's a trade that I am also looking to scale in as I go into profit
Update of the trade That i predicted earlier Gbp cad for long Sniper entry with fibonacci gold zone It went over 1:20
This is a clean example of price action and sniper entry Fibonacci retacement Area of interest Breach / oversold trendline in an uptrend