Was not planning on taking any more new trades till new year. However when looking at the chart, this swing trade setup on the GBPCAD tick a few checks.
- Price has dropped below a strong Support/Resistance area as indicated by the yellow eclipse.
- Price broke trend line, retrace to the back of trend line and formed a pin bar. (a nice setup)
- Entered trade @ 1.8069 with tight stop of 10 pips above pin bar (@ 1.8118), target zone (AB=CD completion and 1.618 extension) @ 1.7925 This gives a Reward to Risk ration of almost 1:2.8
Let's wait and see
- Price has dropped below a strong Support/Resistance area as indicated by the yellow eclipse.
- Price broke trend line, retrace to the back of trend line and formed a pin bar. (a nice setup)
- Entered trade @ 1.8069 with tight stop of 10 pips above pin bar (@ 1.8118), target zone (AB=CD completion and 1.618 extension) @ 1.7925 This gives a Reward to Risk ration of almost 1:2.8
Let's wait and see
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。