GBPCAD, 4hr tf, new bullish cycle
Same plan as EURCAD. We also saw the potential of GBPCAD new bullish cycle to the upside.
Wait for price to retrace around 1.7160-50 before initianing buy.
We wanna see price complete wave-iv correction before entering buy.
Buy GBPCAD 1.7155
Stop loss 1.7120
Take profit 1.7280 (3.5R)
Use only 1-2% risk
Good luck
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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.