Hi Guys,
If we Look at this chart, there seems to be a reversal at 1,8048 followed with a drop. Hence, i think we can start to short GBPCAD.
Be aware that this chart still has an upward trend and if we draw diagonal line from the bottom to the top, I would expect some retracement period at 1,7410, so you can take some profit here.
IF this this chart passes the line followed by a pullback, i would target the 0.5 level, but if there is major resistance at the upward trend line, i would close this trade with the profit.
Let's see where it goes
T/P1 at 1,7410
T/P2 at 1,6939
S/L at 1.8070
Please don't risk more than 2% of your capital
Hope you get some profit from this idea
Cheers!
If we Look at this chart, there seems to be a reversal at 1,8048 followed with a drop. Hence, i think we can start to short GBPCAD.
Be aware that this chart still has an upward trend and if we draw diagonal line from the bottom to the top, I would expect some retracement period at 1,7410, so you can take some profit here.
IF this this chart passes the line followed by a pullback, i would target the 0.5 level, but if there is major resistance at the upward trend line, i would close this trade with the profit.
Let's see where it goes
T/P1 at 1,7410
T/P2 at 1,6939
S/L at 1.8070
Please don't risk more than 2% of your capital
Hope you get some profit from this idea
Cheers!
Trade closed: stop reached
Hey guys,got S/L on this trade.
will try to observe if shorting again is a good idea
let's see
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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.