Areas for potential support on GBPCAD monthly chart

A previous price level that was a resistance my have turned into support. At these levels price may turn bullish. So, I will be watching the daily time frame for bull candles to post. If I get those bull candles, then I'll be watching the 1H to place buy limit orders at previous levels. Stops below the level. Risk is 1/4% of deposit.

Commentaire:

Daily chart has been posting bull candles since the end of May.

Sorry, I marked up the 1H before posting about the 1D.

Commentaire:

Rough look at what entries and stops would look like. I risk 1/4% of my deposit per trade. Account margin % at approximately 28%. I'm comfortable with increasing the margin % to 38%, so I will continue to look for entries on this pair as well as others.

Commentaire:

Bull candle posted on daily time frame.

Commentaire:

Rough look at entries and stop losses on 1H time frame.