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AdamHong
Aug 22, 2018 10:28 AM

GBPCAD: 2618 Trade Long

GBP/CADOANDA

Description

Double bottoms have completed and the price is pulling back the 0.618RET which is also a good demand zone.
So it is good to buy at 1.667-1.670 levels when the price gives signals in the PRZ.
SL: below 1.662
TP1: 1.683
TP2: 1.690 and further more
Obviously, it is a short-term trade plan, but it is the beginning of the long-term weekly 2618 trade plan as below. If you want to get more, you should hold your positions patiently. If you have not entered the market yet, it is a good chance to enter again.

Trade active

A bullish pinbar appeared.

Comment

A double bottom formed.

Comment

Nice
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