GBP/CAD Daily Price Forecast – 24th Jan 2021
GBP/CAD Daily Price Forecast – 24th Jan 2021
This trade idea was generated by our powerful Elite Swing Trader on an H4 time frame.
GBP/CAD Daily Price Forecast – 24th Jan 2021
Trade Summary:
- Buy Stop: 1.70622
- Take Profit: 1.71316
- Stop Loss: 1.69633
Recommended Lot Size
Trading is all about statistics.
While we can experience winning streaks, we can also suffer from losing streaks.
As such, we should always size each trade to withstand losing streaks (if any).
It’s widely recommended that you should not risk more than 2% of your capital for each trade.
We believe it’s easier to control your lot size by limiting your lot sizing to 0.01 for every $500 in your account.
So if you have $5000, then risk no more than 0.10 lot size per trade.
If you spot a mistake especially when it comes to the price, please use common sense and check the chart.
We wish you good luck and good profit for this trade idea
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