Hey guys what is up, so gcad may be preparing to turn and go back up, I am closely monitoring it today as I do believe it is due for not just a big pullback or correction but I also feel like that most recent low (support) needs to be validated
Let me explain why I think so - If everytime a trader buys support that support is broken..don't you think eventually...
GBPCAD
Setup: A very obvious HNS pattern indicate reversal in bullish trend.
Confluence:
BRN
Price Action Structure
Supply zone
Structure Breakout
Entry Confirmation:
Wait for CRS then sell
Entry:
Sell@ 1.6900, SL @ 1.7110 (210 pips), TP @ 1.6600 (300 pips)
Reason I say do not take this trade because the SL is 210 pips, which is too huge for me to...
