GBPCAD Trade Plan (11 ~ 15 Nov 2019)

2019-11-10 13:07:14

Ichimoku Trends:
Weekly Trend: Bearish - not clear
Daily Trend : Bullish - clear
H4 : Bearish - not clear - sideway
H1 : Bearish - not clear - sideway

Remarks:
To trade according to D1 trend.
Trade Plan:
1- Wait for H4 breakout at 1.6970 and and retest resistance become support 1.6900.
2- Enter long at H1 resistance at 1.6915 and retest support.
3- Enter short at H1 kumo breakdown.
3- Wait to buy when price come to D1 support level at 1.6660

Setup invalid if : Price break and close below H1 kumo for long entry or price breakout kumo H1 for short entry.

Target : 1 risk : 3 reward or Wave 5 for long or D1 support level for short.