GBPCAD: In Case Of A Retracement, We Watch For Longs

FX:GBPCAD   British Pound / Canadian Dollar
477 5 19
Multiple tests at the lower quartile and a slide parallel of an upslope median line show that we have a valid price slope and since we are in an uptrend, we should keep an eye for long setups. Price has broken above a corrective structure and if it retraces it will test once again the quartile of the median line . At that level we should watch for a buy setup to complete based on our strategy.

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Hi Fx what do you think might be a good entry level for this trade ?

Fxprotrader pip_hunter
It all depends on how price will retrace to the parallel. So we can't say an exact level.
pip_hunter Fxprotrader
Thanks FX appreciate your comment. Good luck for the rest of the week.
nice idea thanks fr sharing
Fxprotrader sachin888
You are welcome :)
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