GBPCAD MA Short + 52 Pip Potential
We have a nice down move in this pair, so we will look to get in on a pullback. This is an MA trade with a high probability and Good RRR.
Entry 1.7058
Stop = 1.7078
Risk = 20 pips
Profit target = 1.7006
Reward = +50
RRR = 2.5-1
** Once this trade is up + 25 pips, move your stop to breakeven and let it run :)
Entry 1.7058
Stop = 1.7078
Risk = 20 pips
Profit target = 1.7006
Reward = +50
RRR = 2.5-1
** Once this trade is up + 25 pips, move your stop to breakeven and let it run :)
Order cancelled:
This pair and the other GBP pairs have started moving back down. Unfortunately without hitting our entry. Therefore, I am cancelling this trade. What is most important about pullback trades, is PATIENCE. we must wait for our entry price, although sometimes, like here, we don't get the trade, it is better to be on the sideline then to be in a bad trade :)