FX:GBPCAD   British Pound / Canadian Dollar
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62
hey, mates. have a great week. looking for a reversal priceaction pattern within the potential reversal zone on 5M timeframe.
Trade active:
Comment: As price entered the PPZ, stops were moved from below X to below D. I personally prefer 2ATR(5M tf) below D. thus the risk was cut by half.
Trade closed: target reached: First target was hit. Sotps moved to breakeven. Looking for reversal patterns with the IPO to close the second half.
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Comments

What does PPZ and IPO stand for?
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Alexander_Nikitin JuvenalMachado
@JuvenalMachado, Profit Protection Zone and Initial Objective Zone. I insit you read Scott Carney's books: Harmonic Trader, Harmonic Trading Vol.1, Harmonic Trading Vol.2, Harmonic Trading Vol.3,
Reply
JuvenalMachado Alexander_Nikitin
@Alexander_Nikitin, thank you, i have found vol1 and 2.
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Alexander_Nikitin JuvenalMachado
@JuvenalMachado, you are welcome:)
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Swerver JuvenalMachado
@JuvenalMachado, Yup VOL 3 is not in digital print and will not be , you have to order the book in print :)
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