GBPCAD Short Term Buy - 1:2 RR
Analysis
We have a longer term view on GBPCAD but for the interim we want to see this lower time frame (4hr) "M Pattern" complete at the neck line.
We will be looking for a rejection on lower time frames at the low, entering with stop loss below the previous low and a take profit at the neck line.
As always, I’d love to hear your thoughts and what your outlook is. Let me know in the comments below.
Hope you have had a profitable week in the markets, and it continues through into next week.
The Fx Chartist
We have a longer term view on GBPCAD but for the interim we want to see this lower time frame (4hr) "M Pattern" complete at the neck line.
We will be looking for a rejection on lower time frames at the low, entering with stop loss below the previous low and a take profit at the neck line.
As always, I’d love to hear your thoughts and what your outlook is. Let me know in the comments below.
Hope you have had a profitable week in the markets, and it continues through into next week.
The Fx Chartist
Trade closed: target reached:
Target Achieved - we will be looking for another longer term entry over the coming days.
Let us know what you thought of this analysis and if you caught this short term move.
The Fx Chartist
Let us know what you thought of this analysis and if you caught this short term move.
The Fx Chartist