GBPCAD is forming a great price action and scenario. Which may lead to high risk and reward trade. Below are the signals noticed ...
1. Price has broken 10 days’ consolidation of trend line and nearby resistance as well.
2. Created BOS and FVG on 1-hour time frame in discount area.
3. Price is running above VWAP and 21 EMA. And 21 EMA crossing over VWAP.
4. Now we can expect a pullback till FVG area.
All these combinations are signalling a high probability and high RnR (1:7) trade scenario.
Note – if liked this analysis, please boost the idea so that other can also get benefit of it. Also follow me for notification for incoming ideas.
Disclaimer – This analysis is just for education purpose not any trading suggestion. Please take the trade at your own risk and with the discussion with your financial advisor.
1. Price has broken 10 days’ consolidation of trend line and nearby resistance as well.
2. Created BOS and FVG on 1-hour time frame in discount area.
3. Price is running above VWAP and 21 EMA. And 21 EMA crossing over VWAP.
4. Now we can expect a pullback till FVG area.
All these combinations are signalling a high probability and high RnR (1:7) trade scenario.
Note – if liked this analysis, please boost the idea so that other can also get benefit of it. Also follow me for notification for incoming ideas.
Disclaimer – This analysis is just for education purpose not any trading suggestion. Please take the trade at your own risk and with the discussion with your financial advisor.
— HareeyMarketMantraah | Trade the Logic, Not the Noise
Telegram - t.me/+4t68EEMUtewxMGVl
Telegram - t.me/+4t68EEMUtewxMGVl
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.
— HareeyMarketMantraah | Trade the Logic, Not the Noise
Telegram - t.me/+4t68EEMUtewxMGVl
Telegram - t.me/+4t68EEMUtewxMGVl
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.