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.
fximperija
2 years ago
Update: Long on Shark lvl1, T1 hit for 115 pips, PA toward T2
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