GBP/CAD for 600 Pips and a 1 to 16RR? We'll Take it
Well... quite simply put...
Ever since BNP Paribas, a multinational universal bank and financial services holding company, said that "They expect Pound Sterling to remain structurally weak due to UK growth underperforming its peers, remaining below-trend, and its persistent current-account deficit that requires foreign funding." in June...
We've been waiting to pit the Pound against currencies that were set to rally.
And aside from the fact that the US Dollar is Bullish again due to YoY CPI being higher than last year, the Canadian Dollar is ALSO finding strength as it's benefiting from the rising prices in oil.
That said, we're seeing a Change of Character in the trend on the Lower Time Frames and the Bearish Candles are becoming more and more volume filled.
So... we're taking this Low Risk, High Reward Trade idea for 600+ Pips and looking to attack all major Sell Side Liquidity (aka Li-Qwee-LaLa, which is French for Stop Losses Available to be swept...ok it's not but whatever)
...AND take our profits at the Completely Unmitigated Demand Zone Marked off by the Golden Horizontal Rays.
Hope this helps you make some mo' moo-lah.
"Committed to stuffing your trading account (and your pockets)."
Coach MJ
The Trader that the Market Makers Hate
CEO & Co-Founder of LCA University
P.s.
If you wanna come trade live with me for a whole month and let me help you:
- Catch More Pips
- Win More Often
- Pass More Funded Challenges
- Pull Consistent Profits from the Markets
- Learn and Master Smart Money Techni-Mentals (a Unique Blend of MMT, SMC and Fundamental Analysis)
Let me know. Love to help
Have a Good'n.
P.s.s
I warrant that the information created and published by you on TradingView is not prohibited, doesn't constitute investment advice, and isn't created solely for qualified investors.
Ever since BNP Paribas, a multinational universal bank and financial services holding company, said that "They expect Pound Sterling to remain structurally weak due to UK growth underperforming its peers, remaining below-trend, and its persistent current-account deficit that requires foreign funding." in June...
We've been waiting to pit the Pound against currencies that were set to rally.
And aside from the fact that the US Dollar is Bullish again due to YoY CPI being higher than last year, the Canadian Dollar is ALSO finding strength as it's benefiting from the rising prices in oil.
That said, we're seeing a Change of Character in the trend on the Lower Time Frames and the Bearish Candles are becoming more and more volume filled.
So... we're taking this Low Risk, High Reward Trade idea for 600+ Pips and looking to attack all major Sell Side Liquidity (aka Li-Qwee-LaLa, which is French for Stop Losses Available to be swept...ok it's not but whatever)
...AND take our profits at the Completely Unmitigated Demand Zone Marked off by the Golden Horizontal Rays.
Hope this helps you make some mo' moo-lah.
"Committed to stuffing your trading account (and your pockets)."
Coach MJ
The Trader that the Market Makers Hate
CEO & Co-Founder of LCA University
P.s.
If you wanna come trade live with me for a whole month and let me help you:
- Catch More Pips
- Win More Often
- Pass More Funded Challenges
- Pull Consistent Profits from the Markets
- Learn and Master Smart Money Techni-Mentals (a Unique Blend of MMT, SMC and Fundamental Analysis)
Let me know. Love to help
Have a Good'n.
P.s.s
I warrant that the information created and published by you on TradingView is not prohibited, doesn't constitute investment advice, and isn't created solely for qualified investors.