GBPCAD - Continuation to the Downside (🔻 Short)
Cập nhật
Hi Traders
based on the current market structure I believe that GBPCAd will continue its drop to the downside. The resistance area (big grey box) did its job.
The setup sees a 1:3 RR. I see the stop nicely protected by different layers of structure. More conservative traders could stretch the stop further and go with a RR of 1:2.
As always, stop loss goes to breakeven as soon as price hits 1R profit.
Good luck :)
based on the current market structure I believe that GBPCAd will continue its drop to the downside. The resistance area (big grey box) did its job.
The setup sees a 1:3 RR. I see the stop nicely protected by different layers of structure. More conservative traders could stretch the stop further and go with a RR of 1:2.
As always, stop loss goes to breakeven as soon as price hits 1R profit.
Good luck :)
Ghi chú
Stop to breakeven. No more risk in this trade.
Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.