GBP/CAD LONG Anaylsis IMMEDIATE
Hello Traders!
Today we look at GBP/CAD. This is a pair I have been following for a while waiting for the opportune moment to enter into a long position. I noticed a few weeks ago a strong Bullish Pennant was forming and we have finally reached the point of convergence. That combined with Mcginley Dynamic (Best Moving average by far if you ask me) and my trend indicator give me a strong buy signal. I also use one other secret indicator for my confirmation that gave me the go-ahead as well. If you want to know that indicator ask in the comments!
This is for educational purposes so please trade at your own risk. Below are my exact entries for the trade if you do wish to follow something similar!
Entry:1.71269
Take Profit:1.77335
Stop Loss:1.70044
Pip Goal:606.6
R/R 1:4.95
Today we look at GBP/CAD. This is a pair I have been following for a while waiting for the opportune moment to enter into a long position. I noticed a few weeks ago a strong Bullish Pennant was forming and we have finally reached the point of convergence. That combined with Mcginley Dynamic (Best Moving average by far if you ask me) and my trend indicator give me a strong buy signal. I also use one other secret indicator for my confirmation that gave me the go-ahead as well. If you want to know that indicator ask in the comments!
This is for educational purposes so please trade at your own risk. Below are my exact entries for the trade if you do wish to follow something similar!
Entry:1.71269
Take Profit:1.77335
Stop Loss:1.70044
Pip Goal:606.6
R/R 1:4.95
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