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!

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Komentar:

point C pending currently