FX:GBPCAD   British Pound/Canadian Dollar
138 13 3
Breakout of the strong support confirmed bearish bias

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That's a huge bar, I'd also sell the retracement.
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HiTech PRO
2 years ago
this rally could be quite extended one
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IvanLabrie TOP HiTech
2 years ago
My suggestion:
snapshot
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IvanLabrie TOP IvanLabrie
2 years ago
Time and price targets, courtesy of time at mode, stop above 1.8933 is optimal, can be placed lower too.
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HiTech PRO IvanLabrie
2 years ago
thanks Ivan, but I am already getting a very strong sell signal, right now... thats why I went for it, retracement is possible of course, lets see
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IvanLabrie TOP HiTech
2 years ago
That's what my methodology suggests...I don't like drawdown, and don't trade 4h.
Good luck!
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IvanLabrie TOP IvanLabrie
2 years ago
And sell the retrace I did...really tight stop, good luck to us!
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HiTech PRO IvanLabrie
2 years ago
You are good Ivan, you should teach me how to choose precise entries :)
+1 Reply
IvanLabrie TOP HiTech
2 years ago
I owe my accuracy to my mentor, Tim West.
Contact him if you are interested in learning about time at mode.
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HiTech PRO IvanLabrie
2 years ago
Thank you I will
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IvanLabrie TOP HiTech
2 years ago
https://www.mql5.com/en/charts/3176159/gbpcad-d1-fxopen-investments-inc
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HiTech PRO IvanLabrie
2 years ago
Beautiful entry Ivan, I'd hold that for couple of weeks, depending on how supports are holding
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IvanLabrie TOP HiTech
2 years ago
My time target is for a very high probability hit before reversal.

snapshot
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