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AlexJamesCook
Feb 6, 2019 11:15 AM

GBPCAD Long Long

British Pound/Canadian DollarFXCM

Description

- Price broke & closed above H4 resistance on the 4-hour chart
- Entered on the live retest of this resistance turned support level (albeit a bit late)
- Stop below support at 20 pips, TP1 is 20 pips TP2 is H4 resistance then TP3 is extended to fill a large part of wick of a previous h4 candle up to 1.72000

Comment

SL's got hit, although H4 closed above support, so my bias is still bullish in the short term for this pair. Poor entry left SL vulnerable
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