GBPCAD 29 OCT Bullish (trading plan)
GBP/CAD has been forming higher high and higher low after break trend line & resistance
recently, price created higher high and higher low again.
Therefore, my entry is 1.68160 ( I think that the price will continue its trend next week)
my stoploss level 1.67625 ( two previous ema , previous higher low )
My target 1.70590 (fibonacci retracement 0.786)
Risk Reward ratio is 2.60
I risk 1% in this trade. (not my core portfolio)
recently, price created higher high and higher low again.
Therefore, my entry is 1.68160 ( I think that the price will continue its trend next week)
my stoploss level 1.67625 ( two previous ema , previous higher low )
My target 1.70590 (fibonacci retracement 0.786)
Risk Reward ratio is 2.60
I risk 1% in this trade. (not my core portfolio)