TRADE OF THE WEEK | Trend-Following Trading in Actionđź’°
Updated
Hey guys,
As you know, I was monitoring GBPCAD for quite a while to catch a bearish continuation after a retracement.
Spotting a major falling channel, I was patiently waiting for a test of its resistance to short from there.
My confirmation was a descending triangle formation on 4H time frame.
The position was opened on a retest of its broken neckline.
+290 pips of pure profit so far!
Did you catch this move?
❤️If you have any questions, please, ask me in the comment section.
Please, support my work with like, thank you!❤️
Comment
Check my new analysis on EURUSD: 
âś…Join My Telegram Channel: t.me/VasilyTrading
❗️YouTube Channel youtube.com/c/VasilyTrader
đź’°Instagram: instagram.com/VasilyTrader/ đź’°
âś…Facebook: facebook.com/VasilyTrading/ âś…
❗️YouTube Channel youtube.com/c/VasilyTrader
đź’°Instagram: instagram.com/VasilyTrader/ đź’°
âś…Facebook: facebook.com/VasilyTrading/ âś…
Related publications
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.