alitrading_

GBPCAD STUNNING SETUP!!!

Short
OANDA:GBPCAD   British Pound / Canadian Dollar
oh man this looks good. will be following my normal plan. break and retest.
1.i need a 4hr close below this zone.
2.wait for retrace into zone.
3.wait for confirm candle.
4.execute sells if you get a bearish candle or something like a doji which will show you indecision in the market.

Remember, this current 4hr candle will pullback as it gets nearer to close it will leave a lower wick. then the next candle will pull back up to form an upper wick.
Trade closed: stop reached: No trades were taken on this as price did not give me a confirmation candle. price went straight through that zone. this is exactly why it is so important to wait for candle closes.
Comment: Not added to spreadsheet