fximperija
Long

#GBPCAD long on shark

FX:GBPCAD   British Pound/Canadian Dollar
GC             dropped significant and fast from 846s highs completing the shark lvl1 @88.6 XC ret. (8141). The PA is currently on 127.2 ext of previous low with a possible long on this shark to 8222. However, a good structure (February lows) provides more support @805s where the shark lvl2 completes.

Discretion is advised since both entries long are technical correct.

Strategy I would use: Entry on 1st shark completion, looking for targets 819-822. Observing PA at these levels for signs of bullish continuation. If not present, closing pos             . waiting for possible double bottom at 1st shark completion or entry lower on 2nd shark completion.
Update: Long on Shark lvl1, T1 hit for 115 pips, PA toward T2
snapshot
Reply
United States
United Kingdom
India
Deutschland
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Priority Support Ideas Published Followers Following Private Messages Chat Sign Out