SHORT ENTRY on GBPCAD
Updated
Overall downtrend on 4H
Price keep making LH and LL
Price just broke support zone and now coming back that level 1.5525 to fall back down with strong wick rejection on 4H
There's shift in structure on 15m
Potential short position when price come up to area 1.54883
Target at the LOW
Price keep making LH and LL
Price just broke support zone and now coming back that level 1.5525 to fall back down with strong wick rejection on 4H
There's shift in structure on 15m
Potential short position when price come up to area 1.54883
Target at the LOW
Note
as expect the price came to the area 1.5488 hitting minor resistance before dropped to the low. At the time of entry, there was a big news released on USD. Make sure you widen your stop loss when trading through the newsI took the trade but unfortunately got stopped out by wide spread before it fell straight to take profit.
Nonetheless, the idea was good. No regret.
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