Was not planning on taking any more new trades till new year. However when looking at the chart, this swing trade setup on the GBPCAD tick a few checks. - Price has dropped below a strong Support/Resistance area as indicated by the yellow eclipse. - Price broke trend line, retrace to the back of trend line and formed a pin bar. (a nice setup) - Entered trade @ 1.8069 with tight stop of 10 pips above pin bar (@ 1.8118), target zone (AB=CD completion and 1.618 extension) @ 1.7925 This gives a Reward to Risk ration of almost 1:2.8
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