Oscillating up-trend market 50/20 EMA support +4 S/R touches Phase: Pullback Decreasing momentum MACD Divergence More than 1:1 win ratio (TP @ last swing high )
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neutral movement strength and neutral momentum quality
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I gave my SL because of the last swing low inbetween the current pullback on the H4 chart more breathing room. My new SL is @ 1,69121
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Title should be "GBP/CAD long opportunity" ...
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I changed my opinion about the decreasing momentum because the last d1 candle got too much acceleration down. Hopefully the market slows down at this point now.