GBPCAD SHORT
Confirmation list
1- While price was consolidating confermed a very strong support.
2-The price broke the support area without retesting ,
retesting is happening now so i expect everyone to sell gbpcad below the previous support.
3-I feel so confident
that everyone's sl is gonna be above this area
so i expect the marketto take everyone out,
retest the poi candle and 88.60 fib and then reverse.
4-IMB to be filled
5- This is just my vision scenario and im gonna
enter only if i see the right price action on smaller timeframe.
Confirmation list
1- While price was consolidating confermed a very strong support.
2-The price broke the support area without retesting ,
retesting is happening now so i expect everyone to sell gbpcad below the previous support.
3-I feel so confident
that everyone's sl is gonna be above this area
so i expect the marketto take everyone out,
retest the poi candle and 88.60 fib and then reverse.
4-IMB to be filled
5- This is just my vision scenario and im gonna
enter only if i see the right price action on smaller timeframe.
Trade active:
Activated gbpcad. As i wrote on my checklist, i would wait for the price action to decide how and when to enter, i could snipe the entry or just wait for the price to swep the liquidity on the left side of the entry, and thats what happened, Now im free to go. It is a worth setup for a very small sl.
Trade closed: stop reached:
Breakeven hit