ABCD Pattern detected on GBPCAD 30M - Buying Opportunity!
Updated
ABCD Pattern detected on GBPCAD on the 30 minutes time frame signaling a potential bullish movement on the pair. Price hasn't broken out the previous resistance level after the pattern formation, which lets me think it might go down a little more and for this reason we are placing a buy limit at 1.77736
Setting our SL at previous support below our entry @ 1.77394
TP 1: 1.78748
TP 2: 1.79583
TP 3: 1.80078
Setting our SL at previous support below our entry @ 1.77394
TP 1: 1.78748
TP 2: 1.79583
TP 3: 1.80078
Note
TP1 hit (FXDD)Trade closed: stop reached
SL hit
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.