LONG on GBP/CAD
Price has been in a long term uptrend on this pair, but recently it had broken the uptrend line and pulled back close to the 38.2 fib zone again.
Price could still fall a bit more but at this moment I am expecting the buyers to step back in as I have a golden cross about to form on the 1hr chart, and price is coming out of the oversold area of the rsi on the 4hr timeframe.
Here is the play I will be making on this pair:
PAIR = GBP/CAD
ORDER TYPE = BUY STOP (PENDING ORDER)
LOT SIZE = Micro lot (0.01) (0.02)
ENTRY PRICE = 1.71393
STOP LOSS = 1.70893 - 50 PIPS / $5 LOSS
TAKE PROFIT = 1.72501 = 110 PIPS / $10.10 GAIN
Price could still fall a bit more but at this moment I am expecting the buyers to step back in as I have a golden cross about to form on the 1hr chart, and price is coming out of the oversold area of the rsi on the 4hr timeframe.
Here is the play I will be making on this pair:
PAIR = GBP/CAD
ORDER TYPE = BUY STOP (PENDING ORDER)
LOT SIZE = Micro lot (0.01) (0.02)
ENTRY PRICE = 1.71393
STOP LOSS = 1.70893 - 50 PIPS / $5 LOSS
TAKE PROFIT = 1.72501 = 110 PIPS / $10.10 GAIN
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.