itaskar
Short

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:
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4h picture:
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gavin.skitt
2 years ago
what's your view on the low test that just formed on the weekly?
+1 Reply
itaskar gavin.skitt
2 years ago
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.
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gavin.skitt itaskar
2 years ago
Thanks : )
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itaskar
2 years ago
first target done, stop can go below entry
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itaskar itaskar
2 years ago
4h target
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itaskar
2 years ago
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.
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itaskar
2 years ago
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 :)
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