Is that a Pin Bar on GBPCAD Daily Chart? GBP still strong?
47 Week High!
Is a new 52 week high the next victim here?
Some interesting Price action here now midweek across the GBP Pairs.
There is still so much time left in the day to trade, However there is NO DOUBT that many traders will be eyeing the current price structure of this pair and its current...
We are looking to add to the Long we are still holding since Tuesday 19/01/2021
Ideally we get a better pullback to enter lower than current price Risk Reward still looks good.
Our first take profit at 0.7920 but we like it even higher and will extend target depending on PA.
Post 2 out of 5 time frame strategy thur-friday success.
My previous post I showed an example of a time frame swing trade. This post is an example of my time frame trend continuation strategy.
At 5 pm it was safe to enter a sell. MACD histogram correlating with -D above 25 line was a strong indication of consolidation ending for a drop.
The trend played out...