Today I like the GBPCAD, it is trading in a bullish condition, it has enough room to get a good risk-reward ratio (before it reaches the next LT resistance level) and on the short term charts, it is trading above every important level, it just has everything I like to see on a chart to look for trade opportunities. This is how the short term charts looks like:
Now, take a look at the lower yellow level, its where I have my SL order (the upper resistance level is my entry), it was just a couple of pips away from touching it, and just after barely touching my SL, the market shoot up… This is how the market is at times… Just when you think the market is going to stop you out, it turns around and hits your TP order… it still has a long way to go though…
Tags: GBPCAD Analysis
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