09/08/2020 GBPCAD - WEEKLY PLAY LONG TF H4

Welcome,

Below you will find our trading notes:

Monthly view - CONSOLIDATION
Weekly view - BULLISH
Daily view - BULLISH

Previous week LOW - 1.7350
Previous week HIGH - 1.7705
Previous week profile - BEARISH

News this week:

12/08 TUE - 8.00
13/08 WED - 8.00

Where to focus:

LONG SIDE SETUPS ONLY
LIQUIDITY BELOW : 1.7350
SUPPORT STRUCTURE : 1.7323 -> 1.7365
SUPPORT LOWER STRUCTURE : 1.7279 -> 1.7307
LIQUIDITY ABOVE : 1.7675
RESISTANCE STRUCTURE : 1.7700 -> 1.7850

Weekly scenario:

We expect pullback to one of our defined support structures, where we'll look for entries long, or just straight upside push.
If it push straight up, then we will wait for pullback to jump in,
If first support structure is broken, then we focus on entries on the lower support structure.
If second support structure is broken, we will move to side lines.
If we'll see push from our long side zones, then first TP is 1.7575 but over all target is 1.7700+
Protection strategy:
SL up to 30 pips below support structure


REMEMBER!

NEVER BE GREEDY AND DON"T FALL INTO EMOTIONS :)

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HAVE AN AMAZING DAY!

ENJOY