GBPCAD If the market hits my stop, so be it — I only take trades based on my setup. Watching [GBPCAD] at [1.83014] for a confirmed entry.
If this level breaks and turns into support/resistance, I’ll look for a valid setup in the new direction.
Trade active
This is Trade GBPCAD, opened on May 5, and it has now reached Reward 5.Partial profit was taken at Reward 1
The position is now risk-free
The remainder is being managed with a trailing stop
Entry was based on a key level and price action confirmation
Full idea + chart available in this thread
More updates will be added as the trade develops
Trade closed: target reached
GBP/CAD moved all the way to Reward 5,but my trade was closed at Reward 3 due to the trailing stop.
Sometimes trailing stop reduces potential profit,
but other times, it lets your profit run way beyond initial targets.
That’s part of smart trading — and I’m totally fine with it.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.