An ascending hornet patter has cerated the price action within the GBPCAD pair. Now after bouncing from the pattern's support line. We could forecast the upward movement towards the resistance ascending line. The bullish trend expected allows the setup of a long position as a limit type if price retests the confluence area before the next bullish impulse.
The order:
Type: buy-limit
S/L: 50 pips - R:R | 1:3 -
T/P: previous swing high
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The order:
Type: buy-limit
S/L: 50 pips - R:R | 1:3 -
T/P: previous swing high
--
*** If you like the idea, don't be shy, click on like and comment. If you disagree, just comment ;-) | Thanks for your support!!! ***
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