GBP/CAD - BUY ZONE 1.73000-1.73100 - BUYS CONTIUATION
Updated
Looking to buy gc from the region of interest
Can see gc has been looking to push higher to minor resistance we could see one more correction to our buy zone there is a candle imbalance I will be looking at buying at this point
Confluences on buys on GBP/CAD
1. In consoldation but it looks to go higher overtime looking at minor resistance as a target
2. 78% - could come back into this region orders have been Collected in the past
3. S1- intraday 20/01/20
4. orders in this area
5. ma's looking bullish
reasons for targets (TAKE PROFIT)
1. -0.50
2. r2 intraday
3. close to minor resistance
4. APM maxed out
BUY LIMIT - 1.73000-1.73100
STOP LOSS - 1.72950
TAKE PROFIT -1.74100
RISK TO REWARD 1:7
DO NOT ENTER THIS TRADE IF WE BREAK BELOW OUR STOP LOSS THIS TRADE WILL BECOME INVALID
( PRICE CAN GO STRAIGHT UP SO WE MIGHT GO TO TP BEFORE OUR ORDER GETS FILLED)
Can see gc has been looking to push higher to minor resistance we could see one more correction to our buy zone there is a candle imbalance I will be looking at buying at this point
Confluences on buys on GBP/CAD
1. In consoldation but it looks to go higher overtime looking at minor resistance as a target
2. 78% - could come back into this region orders have been Collected in the past
3. S1- intraday 20/01/20
4. orders in this area
5. ma's looking bullish
reasons for targets (TAKE PROFIT)
1. -0.50
2. r2 intraday
3. close to minor resistance
4. APM maxed out
BUY LIMIT - 1.73000-1.73100
STOP LOSS - 1.72950
TAKE PROFIT -1.74100
RISK TO REWARD 1:7
DO NOT ENTER THIS TRADE IF WE BREAK BELOW OUR STOP LOSS THIS TRADE WILL BECOME INVALID
( PRICE CAN GO STRAIGHT UP SO WE MIGHT GO TO TP BEFORE OUR ORDER GETS FILLED)
Trade closed: target reached
WENT STRAIGHT TO TARGET SO NOW THIS TRADE INVALID
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