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AGold54

GBPCAD SS Short + 48 Pip Potential

Short
British Pound / Canadian Dollar (OANDA:GBPCAD)  
AGold54 Updated   
OANDA:GBPCAD   British Pound / Canadian Dollar
Support and Resistance Multiple Time Frame Analysis Technical Indicators thegoldmethodichimoku ichimokukinkohyo ichimoku_trader breakouttrading GBPCAD GBP CAD justwin
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supportandresistance mtfa indicator thegoldmethodichimoku ichimokukinkohyo ichimoku_trader breakouttrading gbpcad gbp cad justwin
Price is below the 60 and 15 KS as well as the cloud. This is a Type 1 trade with a High probability and decent RRR.
BO Entry = 1.7048
Stop = 1.7072
Risk = 25 pips
Profit target = 1.6999 ( The daily KS )
Reward = 48 Pips
RRR = 2 - 1
I would appreciate if you leave a comment or like as a thank you
Have a great week!!
Allen
Trade active:
This Trade has been triggered and is now Active :)
Trade active:
This Trade is now +20 pips and the pairs seem to be stalling so I am going to close 1/2 of my position and move my STF.
Comment:
Today is great example how taking the "best" pair works in our favor. This trade never saw red, ran the furthest and while the other GBP pairs retraced, This pair GBPCAD held it's ground giving us the opportunity to Bank some profit.
Trade closed manually:
The 2nd 1/2 of the trade closed flat. so a decent little profit and as one trader in the room said "that was sooooo easy"
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