GBPCAD : Long Setup

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Hello Traders.
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Let's start :

GBPCAD 1W Chart :

istantanea

GBPCAD appears to be under the influence of the negative signal but not closed yet.
But we move around in areas that are relatively close to Minor Support. (1.70235)

When we look at the data terminals, we see that GBP is advantageous in terms of both position change and price change compared to CAD in this period (Period : Autonomous LSTM Adaptive Period ) :

istantanea

However, the price changes are very small and this can feed us on manipulations.
So we will keep our position size below the standard. (Position Size < %1)

Suggested Parameters :

  • Position Size : %0.33

  • Risk/Reward Ratio = 1/3

  • Stop-Loss : 1.71049

  • Goal : 1.74907


NOTE :
In the case of a negative scenario, we have to try again on the Weekly Minor Support (1.70235)
when this scenario is exceeded, so let's keep the position size in small amounts.

Regards.
Nota
This analysis is also a kind of retry, but I hope we will achieve the goal on the first try.
Trade chiuso: obiettivo raggiunto
Target reached ! )
Trade attivo
Sorry , 1.74907 is target , trade is active .
Trade chiuso: stop raggiunto
TP1 Reached but Stop-Loss Reached too
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