Should price action for the GBPCAD remain inside the or breakout above the 1.7300 to 1.7430 zone the following trade set-up is considered:
  • Timeframe: D1
  • Recommendation: Long Position
  • Entry Level: Long Position @ 1.7340
  • Take Profit Zone: 1.7685 – 1.7770
  • Stop Loss Level: 1.7165
Should price action for the GBPCAD breakdown below 1.7300 the following trade set-up is considered:
  • Timeframe: D1
  • Recommendation: Short Position
  • Entry Level: Short Position @ 1.7260
  • Take Profit Zone: 1.7000 – 1.7055
  • Stop Loss Level: 1.7340
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