GBPCAD #long after #professionalbuying and a test #VSALite

GBPCAD long after professional buying and a successful test VSALite

Trade strategy using the Tradeguider VSA Lite software. Papertrade on Tradingview, placing the trade with real money on Activtrades (FX Markets).

Checklist:
• Signal of professional buying at 04/10 13:30
• Successful test at 05/10 04:00
• 4 consecutive short term indicator green bars
• Entry on a bar that closed on it’s high
• No previous price action at this level for a few days
• A background of strength

Management of the trade in accordance with my trading plan on 15 mins

Comment:

Trailed stop to around break even then stopped out