Selling GBPCAD now at 1.72677 looks promising as per the current market trend.
🛡 Entry Price is set at 1.72677 for optimal positioning in the trade.
✅ Setting Take Profit levels at 1.72258 and 1.71857 ensures potential gains along the way.
✅ Additionally, consider taking profit at 1.71134 to maximize returns.
Setting the Stop Loss at 1.73537 is crucial for risk management and protecting against potential losses.
Trade active
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The value is currently at 1.71316, indicating a significant drop. As I observe, the downward trend seems to be continuing, showing a complete and substantial decline. This sudden plummet is quite remarkable and warrants careful attention.
Taking a peek at your GBP/CAD chart, you've pointed out a selling opportunity with specific entry and profit targets, plus a stop loss for safety, which is great. Your chart has a bunch of "STW" labels; I'm curious about what these represent. Are they related to specific indicators or price points?
The ichimoku cloud is visible, but there's no mention of it in your strategy. How does this fit into your analysis? It could add a layer of confirmation if it aligns with your selling bias. Lastly, your stop loss is quite a distance from the entry point. Is this based on volatility or a specific percentage of the account balance? It might be helpful to know how you determine the appropriate distance for your stop loss. What are your thoughts?
FOREX_trade_01
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I always wants to provide simple looking chart for my users understanding.... charts and my targets
The ichimoku cloud is visible, but there's no mention of it in your strategy. How does this fit into your analysis? It could add a layer of confirmation if it aligns with your selling bias. Lastly, your stop loss is quite a distance from the entry point. Is this based on volatility or a specific percentage of the account balance? It might be helpful to know how you determine the appropriate distance for your stop loss. What are your thoughts?