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Gbpcadlong

GBPCAD weekly breakdownHello hello! After a bearish year for GBPCAD , it finally shifts on a weekly perspective, breaking the Moving Averages & EMAs finally crossed. For the past 3 weeks we saw a strong impulse on this pair, now waiting for a slow correction that can be followed by another strong impulse upwards. Moreover, the Commitment Of Traders data shows confluence on this analysis, GBP becoming stronger while CAD weakening. We now have to wait in order to see a correction, and only after that we can be looking for an entrance!
Long
by m_maia14
GBPCAD trade.Hello traders around the world. I'm Alexandre Karim, and today I will be sharing with you a trade that I'm still currently in it. On November 4th, the price reached a mass psychological level around 1.51730 & 1.52672. We saw an upside gravity afterwards & I was looking for continuation patterns to take a long position. Thursday November 10, on the 15 mins chart, I saw a bullflag forming and I placed a buy stop entry at the breakout of the flag + my SL placed below the previous low / lower TL. Currently I am running @ 5% and locking at 2.8% (1.55353) Patience is key. #THEPRIMES
Long
by alex_k_95