[GBPCAD] Sell idea. Ascending triangle formation
I set the sell limit higher than current price because I believe the pair will retrace back to the last highest wick, around the 61 in the Fib from the current price. I see price going straight down into the support zone and either sell past it or make its way back up, regardless we are in a good position for a 33 pip stop and a 300 pip gain.
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.