GBPCAD LONG TRADE SETUP

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Hi traders:

Here on GBPCAD we have a breakout of the falling wedge on the 4 hr chart. We know that GBPCAD is over extended on the daily chart, and has rejected support around 1.6300 area. Waiting for a pullback, high low to form on the 4 hr chart to go long is a good idea.

Potential target the daily 38.20% fib level for a nice risk:reward trade.

Thank you for your support and feedback.

Заметка
Here is the daily chart:

снимок
Сделка закрыта: достигнута тейк-профит цена
Target 1 hit: 3:1 risk reward ratio achieved.

снимок
CADChart PatternsGBPTechnical IndicatorslooniepoundTrend Analysis

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