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GBPCAD D1: XABCD BULLS BUY IT TP +400/+800 pips(SL/TP)(EXTENDED)

לונג
FX:GBPCAD   לירה שטרלינג / דולר קנדי
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GBPCAD D1: XABCD BULLS: BUY IT TP +400/+800 pips(SL/TP)(EXTENDED)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
Tagged as LONG because it's a BULLISH setup.
however, read entire idea, DO NOT BUY at market now.


🔸 Summary and potential trade setup
::: GBPCAD daily chart /candle chart review
::: XABCD setup in progress
::: two primary options point C 6680
::: reversal off the lows
::: options2 PRZ/D at 6500
::: next up is point D at 6500/6540
::: keen an open mind for both options
::: can't recommend shorting now
::: only if we get a bounce / you can short it
::: for best results wait for confirmed reversal
::: recommend to BUY/HOLD from 6500/6540
::: it's also possible that we will reverse off 6680
::: recommended strategy: BUY/HOLD 6500/6540
::: recommended strategy: BUY/HOLD 6680
::: SL 100 pips TP1 +400 pips TP2 +800 pips
::: SWING trade setup do not expect
::: fast/miracle overnights gains here
::: good luck traders
🔸 Supply/Demand Zones
::: 6500/6550 fresh demand zone
::: 6680 potential reversal zone
::: 7500 fresh supply zone
::: 7760 fresh supply zone
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment short-term: BEARS
::: Sentiment outlook mid-term: BULLS/REVERSAL

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