Hello everyone, I've finally reached this pair! An interesting currency pair GBPCAD on the H1 timeframe. As a key tool in my trading strategy, I use the Parabolic indicator, which is currently at a price of 1.8565. The previous candle stopped at 1.8526. The Parabolic indicator clearly shows a downward direction. Oh, I almost forgot about another indicator in my arsenal. Of course, it's the Moving Average with a price of 1.8528. The Moving Average is pressing prices from above, so we will consider selling. And once again, my favorite Parabolic indicator is helping me with the stop. Its dots seem to adjust my stop, constantly increasing my profit. The daily chart provides a clearer picture with more price movements, but accordingly, the stops are larger. Analyzing the prices on the daily timeframe: candle close at 1.8522, Parabolic indicator at 1.8827, MA indicator at 1.8645. There are more chances for profit in selling on a smaller scale.
