GBPCAD - Short
Updated
Set up: Price exhausted after almost a thousand(!) pip move up from last week, we see a head and shoulders formation on H1.
Trade: Entry at the current price with a SL above the current trend line slightly above the last high aiming at the 61.8% fib retracement on the last move, closing the gap opened over the weekend and retesting a major resistance turned support area.
Trade: Entry at the current price with a SL above the current trend line slightly above the last high aiming at the 61.8% fib retracement on the last move, closing the gap opened over the weekend and retesting a major resistance turned support area.
Trade closed: stop reached
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.