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)