GBPCAD a long opportunity (13/05/2019) 13:27

GBPCAD a long opportunity (13/05/2019) 13:27

On May 3, 2019, Posted by , In Uncategorized, By , , With No Comments

GBPCAD.DMAH4_-2.png GBPCAD.DMADaily-1.png GBPCAD.DMAWeekly-0.png

Buy GBPCAD at price 1.7514 with a stop loss placed at 1.7347 and your TP placed at 1.8254>>>> The market made to the fib we are trading the retracement of that long term trade. The entry is taken in the fib zone on H4. Where we saw the price breaking above the descending trending trend line on H4 and we are off the belief that although the price is in the fib zone it might drop lower hence the wide stop loss but it is then compensated for by the Wider TP>>>This makes thew trade a long term trade>>>>>Lets make some money

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