Weekly Cable GBP/USD charts
1.2738 is a perfect Zone to play a key role and perfect battle filed for Buyers and Sellers. GBP weaken last year over powerful Dollar. Probably based on price action this bearish market will continue to next major zone which is 1.20.
Entry point based On PTA Discounted entry method or Fast Entry
Nice Money management just above 3.17. Not perfect but worth to try.
AUDCAD Weekly charts shows a huge pullback to the important Zone, we have a pretty clear sell pressure there as well. there is no doubt, price with face with big sellers and this is the battle Zone among Buyers and Sellers. we will see which one will be victory. As you can see in the chart below, the Reward to risk is more than 3 times. It means if you risk 2 present of your account you will take around 7% of your total equity.
Key Important key to be successful is having a proper trade plan, having successful entry strategy, and advance money management.
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