shooting star at good level

FX:GBPCAD   British Pound / Canadian Dollar
69 7 1
Nice shooting star which appeared at potential reversing level. Unfortunately there is long wick and it is impossible to get good RR. Therefore I recommend just small trade. First target is recent lows, second target is broken bear trendline .

bigger picture:

4h picture:
1st target done. Price is comming to support area, lets see if it will hold or it will reach 2nd target. I wish to stay in this trade :)
price broke support in 4h, went back above, created bullish engulfing, it can move the price back to resistance so I decided to close the position with 90 pips profit.
first target done, stop can go below entry
itaskar itaskar
4h target
what's your view on the low test that just formed on the weekly?
+1 Reply
itaskar gavin.skitt
I like the weekly candle, there is strong support area and its really wide, so if it will go now down, I will look on daily for bull signal/or neutral candle(doji) for take profit/stoploss moving. I recommended only small trade, long wick, bad RR, only 1/1,3 until this wide support area.
Thanks : )
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