GBPCAD SHORT
Updated
Downtrend on all timeframes. Had a clean pullback to 78.6%, showing some buyers exhaustion. In consolidation, however giving a few bearish 1H engulfing candles. Risking 40 pips to get 169, R/R:4:1.
Stop loss and targets are labeled on chart.
*Risk Management is KEY!!
Stop loss and targets are labeled on chart.
*Risk Management is KEY!!
Trade closed: target reached
Target 1 HIT! +50 pips - Move stop loss 10 pips in front of entry and let it ride. Have a nice weekend.Trade closed manually
Trade has reversed and hit our stop 10 pips in profit. On to the next.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.