GBPCAD consolidating and has a chance to break either way. The trend is bearish but can move into a pullback mode off the consolidation pattern. As a result, we are going to setup two trades. One a counter trend trade with very little risk and another for a continuation trend trade.
Here is the counter trend trade setup. It is a bullish trade off the 30 minute timeframe. It keeps our risk very low. Notice, we are not trying to get huge profits because this is a pullback off the major trend.
Here is the continuation trend trade. We are going to setup everything off a 120 minute chart to try to keep our risk low since we are in a minor consolidation pattern.
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