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OGFXTRADER
Aug 5, 2020 1:38 PM

GBPCAD H4 LONG PRICE ACTION FORECAST -UPDATE- Long

GBP/CADOANDA

Description

After the double top spotted from D1, the price action has been under a healthy correction. After the capturing of the bearish movement where the T/P is about to get hit allows the setup of a long entry to ride the upward momentum back to the previous swing high.

A buy setup is placed with the following features.

The order:
Type: buy-limit
S/L: 87 pips - R:R | 1:4 -
T/P: previous high

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