gbpcad h8 xabcd advanced entry buy/hold setup

🔸Hello traders, let's review the 8 hour chart for GBPCAD.
Speculative XABCD in progress, with PRZ/C set at 6880, so expecting more losses
in GBPCAD going into early Feb 2024.

🔸XABCD structure is defined by point X at 7240, point A at 6820, point B
at 7170, point C at 6890, point D/PRZ at 7360, currently most points validated,
point D/PRZ pending in early March 2024 (PRZ/D = 7360)

🔸Recommended strategy for GBPCAD traders: wait for pullback/correction
to complete at point C near 6880, buy/hold, SL 80 pips, TP1 +160 pips TP2
+320 pips, final TP/exit at point D/PRZ at 7360. swing trade setup. good luck!

🎁Please hit the like button and
🎁Leave a comment to support our team!

RISK DISCLAIMER:
Trading Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.

Kommentar:

point C pending currently