As my plan to follow GBP pairs with all my strength this week, GBPCAD is joining the house. I saw an inside bar which is best suited for an order cancel other strategy. Though it formed at a resistance rice.turned minor support, there is a strong level which is over 600 pips from current price.
While conservative traders might wait for a breakout of the inside bar, other might wait for a breakout and retest of the inside bar support /resistance on 4 hour time frame, i saw a 1 hour inside bar signal which will give me a decent 1:2 risk to reward ratio. As a result of the 1 hour inside bar high been broken, my buy stop has triggered at 1.9075 with stop loss at 1.9015 and take profit at 1.9175.
Trade defensively not offensively! Nothing is guaranteed!
While conservative traders might wait for a breakout of the inside bar, other might wait for a breakout and retest of the inside bar support /resistance on 4 hour time frame, i saw a 1 hour inside bar signal which will give me a decent 1:2 risk to reward ratio. As a result of the 1 hour inside bar high been broken, my buy stop has triggered at 1.9075 with stop loss at 1.9015 and take profit at 1.9175.
Trade defensively not offensively! Nothing is guaranteed!
Hola me ha agradado esta nota, creo haber tomadobuena nota, amo los masajes
ReplyDeletey deseo complacerter proximamente me quedo chequeando alguna mas, me apunto a esperar las actualizaciones, muchas muchas gracias