Short Position For GBPCAD
Updated
After the market Squeezed for a while, it breached the Support.
And start to retest the recent Support as a new Resistance.
After a strong Bearish Pin Bar and decline the Exponential Moving Average ( 10, 20 ).
I decided to Short this pair, a very clear signal through the Price Action :
SELL @1.7595
STOP LOSS @1.7665
TAKE PROFIT @1.7500
It may go down, it may be not.
This is just analysis and my perspective. This is not a signal or a suggest, so trade based on your own favor :)
Good luck!!!
Cheers!!
And start to retest the recent Support as a new Resistance.
After a strong Bearish Pin Bar and decline the Exponential Moving Average ( 10, 20 ).
I decided to Short this pair, a very clear signal through the Price Action :
SELL @1.7595
STOP LOSS @1.7665
TAKE PROFIT @1.7500
It may go down, it may be not.
This is just analysis and my perspective. This is not a signal or a suggest, so trade based on your own favor :)
Good luck!!!
Cheers!!
Trade closed: target reached
Target Profit reached!!Enjoy the profits!!
Eat , Trade , Sleep :)
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