GBPCAD - Ready to bounce !

The pair is forming a falling wedge which is a bullish pattern. The price is now on a key level wher we can reasonably expect a rebound around 1.7115-1.7125.

My trade idea:

Entry: 1.7120
SL: 1.7080
TP: 1.7200

Happy trading!

Kommentera:

Stop reached -40 pips on market movement

I retry again (agressive)
Entry: 1.7110
SL: 1.7070
TP: 1.7200

Kommentera:

Second shot is active.