GBPCAD - 4H Double Bottom Long! Price has formed a double bottom on the 4H timeframe and then broke the bearish trend line through previous resistance. Price has now retested this zone and I have therefor taken a long trade with a great R:R of 1:6. Time will tell if this pair can push to my TP of 260+ pips.
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+80 Pips. SL has been moved to entry (1.69116) and this trade is now risk free.
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+145 Pips. SL has been moved to 1.70025 (+90 Pips).
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+175 Pips. SL has been moved to 1.70421 (+130 Pips).