GBPCAD ____ BE PATIENT WITH THE MARKET

Hello Traders,

So I had taken a long on this pair but I was stopped out at breakeven. However, my bullish bias has not changed because the price is trading in a weekly and daily demand zone and we still have the obvious buy-side liquidity to sweep.

If you look at my chart you will notice that price just created a sell-side liquidity pool (relative equal lows) and as usual, one can expect the price to go ahead to sweep this liquidity.

One piece of advice I will give you guys is: whenever you want to take a trade, always look for where the liquidity pool/trap. This would help you escape being liquidated.

Right now, I am waiting for the price to sweep the sell-side liquidity and form a bullish setup so I can take a trade.

I will insert below my analysis on the trade that stopped me at breakeven

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PREVIOUS GBPCAD ANALYSIS
https://www.tradingview.com/chart/GBPCAD/3Z2JoiIV-GBPCAD-INCOMING-BULLISH-RALLY/

Cheers,
David