GBPCAD INTO PREVIOUS LOWS
Updated
REASONS FOR TRADING
-RETEST OF A PREVIOUS MAJOR LOW (NOW ACTING AS RESISTANCE) ON THE 4H TF
- TIP OF 50EMA
-61.80% FIB
PROFITS SHOULD BE TAKEN AT:
- FIB EXTENSION LEVELS
-1.72500 REGION
1) FOLLOW YOUR OWN ANALYSIS
2) USE RISK MANAGEMENT
3) WAIT FOR THE APPROPRIATE CANDLE CLOSURES
THIS IS JUST A SCENARIO, DOESNT MEAN TRADE WAS EXECUTED IF THE CONDITIONS CHANGED
-RETEST OF A PREVIOUS MAJOR LOW (NOW ACTING AS RESISTANCE) ON THE 4H TF
- TIP OF 50EMA
-61.80% FIB
PROFITS SHOULD BE TAKEN AT:
- FIB EXTENSION LEVELS
-1.72500 REGION
1) FOLLOW YOUR OWN ANALYSIS
2) USE RISK MANAGEMENT
3) WAIT FOR THE APPROPRIATE CANDLE CLOSURES
THIS IS JUST A SCENARIO, DOESNT MEAN TRADE WAS EXECUTED IF THE CONDITIONS CHANGED
Note
TRADE CANCELLED
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