WonderTrading

GBPCAD Idea/Signal update

Long
OANDA:GBPCAD   British Pound / Canadian Dollar
Pair consolidated for a few hours until the resistance was overcome and closed above (1 hour candle).

R/W - 1/8.

For the more conservative, they can expect a possible retest in that resistance zone that is now a support. That is, wait for the candles to go up and then go down before going back up. It is good to remember that events from the past are not always repeated in the future.

Entry around: 1.72970
TP: 1.76780
SL: 1.72475
Trade closed: stop reached: Being conservative also pays off ;)

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