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
@jony87pk, Small SL, Large TP. 1 good trade should always cover for at least 2 to 3 potential losses. With good management you can always be profitable.