British Pound / Canadian Dollar
Short
Updated

TRADE OF THE WEEK | Classic Trend-Following Trading 💰

725
snapshot

Hey traders,

Last week on Friday I opened a great short trade on GBPCAD pair.
Trading in a bearish trend the market retraced to strong resistance.
On that, a double top formation was formed:
the price broke its neckline and on a retest, I opened a short position.

GBPCAD: Classic Top-Down Trading Setup 🇬🇧🇨🇦


Then that market started to fall sharply.
With such high volatility I applied a trailing stop.

+180 pips of pure profit!

❤️Please, support this post with like and comment!❤️
Note
Check my new idea on EURUSD:
EURUSD: Short Trade - Update & Further Decline Next Week🇪🇺🇺🇸

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.