Trading made simple, when the upper/lower line is break and close above/below with one candle I will OP during the pullback. Trade at your own risk. watch out for the sideways movement. Put sl/tp based on your own risk.
Price now reach 200 pips from my first entry, refer to my previous chart published on last week.
Price now reaching my h4 decision range, will look forward to see the next price action.
Just sell position since OPEC have decided to reduce the oil production.
Price just enter my buy limit area which i have mark as strong support. Since lot of trader are aiming at this price, the possibility of fakeout happen is very high. TP2 will be max, but i prefer to look at TP 1 price action before decide the new position. This is swing setup where money management is very important.
Although it is too risky to trade any cable pair but GBPCAD is now offering possible buy at low.
Fakeout detected on 13/6/2016 and on next day price retrace to the previous strong support hitting my buy limit.
trade active and I am looking for 300 pips+reward with approximate 120 pips in risk.