GBPCAD: Big Swing Trade
Wishing everyone a great Sunday with this swing setup on GBPCAD.
On the daily timeframe we see a clear downtrend with a trend line which was touched two times now. We expect price to reach this level in combination with the 0.5 fib level, where we would enter a short with a minimum drawdown of like 150 pips. Take profits should stay way more down with over 1000 pips at the last low (where the bullish uptrend started). Risk reward is over 5. The last two daily candles from now are wicks so lets keep an eye closely to price in the next days. i will keep you updated if the trade is active.
On the daily timeframe we see a clear downtrend with a trend line which was touched two times now. We expect price to reach this level in combination with the 0.5 fib level, where we would enter a short with a minimum drawdown of like 150 pips. Take profits should stay way more down with over 1000 pips at the last low (where the bullish uptrend started). Risk reward is over 5. The last two daily candles from now are wicks so lets keep an eye closely to price in the next days. i will keep you updated if the trade is active.
Transaction en cours
Price reached zone yesterday. We shorted and daily candle reversed.Note
Trade perfectly retraced from entry. Next week we will see a lot more downside.Transaction en cours
We are in profit. You see that big Daily red candle ?
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.