GBPCAD Wait for break for the bulls.
Day time frame.
After a previous 4th bounce of the Support of 1.6500 level. A nice trend seems to be gaining traction.
It's found a lovely glass roof at the 1.7100 area.
Waiting for a retest of Significant level of 1.7000 level and enter.
If trade goes love and breaks Weekly trend line, may be worth a re enter for the same TP.
Of course always use your own R:R as there is a substantial SL but plenty to gain.
Approx setup
Entry - 1.7000
SL - 1.68261
TP - 1.84919
R:R - 8.58
After a previous 4th bounce of the Support of 1.6500 level. A nice trend seems to be gaining traction.
It's found a lovely glass roof at the 1.7100 area.
Waiting for a retest of Significant level of 1.7000 level and enter.
If trade goes love and breaks Weekly trend line, may be worth a re enter for the same TP.
Of course always use your own R:R as there is a substantial SL but plenty to gain.
Approx setup
Entry - 1.7000
SL - 1.68261
TP - 1.84919
R:R - 8.58
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