Short on GBPCAD. Double top's forming
Hey guys,
i've been looking at this pair from last week and this could be the right moment to enter the market, according to my trading strategy. We're testing a very strong resistance and we've seen price slowing down approaching that level. And now you can see a triple top that's forming on the 4hr chart. I'm entering now with stops and targets as shown. Be careful with this, it's a counter trend opportunity.
If you have questions/ideas, feel free to comment below.
Otherwise, see you in the next chart!
i've been looking at this pair from last week and this could be the right moment to enter the market, according to my trading strategy. We're testing a very strong resistance and we've seen price slowing down approaching that level. And now you can see a triple top that's forming on the 4hr chart. I'm entering now with stops and targets as shown. Be careful with this, it's a counter trend opportunity.
If you have questions/ideas, feel free to comment below.
Otherwise, see you in the next chart!
Trade active
Trade closed: target reached
First target hit! Stops moved to breakeven
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.