FullTimeTrader
Short

GPBCAD-oficially in downtrend-how to join it

FX:GBPCAD   British Pound/Canadian Dollar
899 7 20
a year ago
Since we are in downtrend the trend is our friend. Some traders like only trend following trades, this idea could be interesting for them. Im both countertrend and trendfollowing, doesnt matter because market moves up and down in waves and not in straight lines, its simple.

I will look for an entry near the 2.015 level for this reasons:

- ema 55 as resistance (specially i rely on this my magic ema)
- corrective channel
- strong S/R
- 0.50 fib retracement

Best regards.
a year ago
Comment: Trade triggered, SL and targets on chart
a year ago
Trade closed manually: CLOSING ALL POSITIONS WITH SOME PROFITS DUE TO DIAMOND ON H4 CHART(SEE IDEA)
kmk.msp
a year ago
It is in down trend than why it is necessary to put SL
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FullTimeTrader kmk.msp
a year ago
It depends on your trading style, its not a law, you can trade without SL if you wish. most traders uses SL and targets. regards.
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MustafaErsoy
a year ago
https://www.tradingview.com/u/MustafaErsoy/#search-charts=FX:GBPCAD
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2721151
a year ago
that was helpful data! good work
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Guerrera
a year ago
Let's go down now?
Reply
aaahmed12
a year ago
will GBPCAD be going down now accordance to your previous prediction?
Reply
FullTimeTrader aaahmed12
a year ago
Yes, my bias is still short but it seems late for an entry now. Im short on USDCAD
Reply
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