the GBPCAD pair in 1H time frame shows no divergence and therefore strengthens the continuation of a bullish pattern through a temporary sideways pattern emerges in the buliish rectangle. This provides an opportunity to long GBPCAD.
Strategy:
1) As per risk/reward ratio of 1:1, the calculated lot size is 0.12
2) Enter Buy trade by putting buy stop at 1.68661
3) to manage risk, put stop loss at 1.67549
4) I will take profit for the first trade at 1.69748
DIsclaimer: Please manage your risk at all time. This is not an investment advice.
Strategy:
1) As per risk/reward ratio of 1:1, the calculated lot size is 0.12
2) Enter Buy trade by putting buy stop at 1.68661
3) to manage risk, put stop loss at 1.67549
4) I will take profit for the first trade at 1.69748
DIsclaimer: Please manage your risk at all time. This is not an investment advice.