PAIR:- GBPCAD
INSTRUMENT:- Forex
POSITION:- LONG
TIMEFRAME:- 30 minutes
STRATEGY:- S&R Lines on HTF + Trend Lines + Fib Level + Candlestick pattern
Re-tested 100% fib levels and bounced off the support @ fib.
Following trend line in uptrend (red)
S/R Lines @ 1W/1D/4H/2H/1HR/45M/30M to take entry in 30M tf
ENTRY:- CMP
TP:- 1.56177
SL:- 1.4807 @ previous LL
RR:- 2:1
INSTRUMENT:- Forex
POSITION:- LONG
TIMEFRAME:- 30 minutes
STRATEGY:- S&R Lines on HTF + Trend Lines + Fib Level + Candlestick pattern
Re-tested 100% fib levels and bounced off the support @ fib.
Following trend line in uptrend (red)
S/R Lines @ 1W/1D/4H/2H/1HR/45M/30M to take entry in 30M tf
ENTRY:- CMP
TP:- 1.56177
SL:- 1.4807 @ previous LL
RR:- 2:1
Trade chiuso manualmente:
Due to FED news where they have increased the interest rates by 75 points, volatility was seen and dip was expected and then experienced it as well to $-3 loss from $200 profit, thus trade was closed manually.