Piphunters1

Interesting Reversal on GBPCAD

Long
FX:GBPCAD   British Pound / Canadian Dollar
On the weekly chart we had a really nice looking Bullish engulfing candle exactly at the trendline. Using the Norse Overrun strategy, we a nice entry point at around FIB 38/50 at the 4h chart.

But if we walk down to 1h chart we can still spot a few nice entry points.Using Bolling Bands retracement at the lower band.

This is a trade taken already Entry one taken at 1.83480 and entry 2 taken at 1.83800.

But you can still find nice entries on a retrace to around Lower Bolling Band. where you can scale down to M10/M5 to find reversal

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.