GBPCAD Short
Updated
Currency Pair: GBP/CAD 
GBPCAD
Entry Price (Short): 1.68045
Stop Loss: 1.6888
Take Profit: 1.646
Risk-Reward Ratio: 4:1 (4 for profit and 1 for stop loss)
Description of the short position:
Short Entry: You open a short position on the GBP/CAD pair at a price of 1.68045, which means you are selling British pounds and buying Canadian dollars with the expectation that the British pound will depreciate against the Canadian dollar.
Stop Loss: You place a stop loss at 1.6888, which means if the price rises to that level, the position will automatically close to limit your losses. This level is above your entry price and acts as a protective measure.
Take Profit: You set a take profit at 1.646, which means if the price falls to that level, the position will automatically close to secure your profits. This level is below your entry price and represents the point where you want to realize gains.
Risk-Reward Ratio: The risk-reward ratio is 4:1, which means you are willing to risk 1 unit of loss (if the price reaches the stop loss at 1.6888) to gain 4 units of profit (if the price reaches the take profit at 1.646).
Please keep in mind that trading in financial markets carries risks, and it's important to have a solid risk management plan and closely monitor the market to adjust your positions if necessary.
GBPCAD Entry Price (Short): 1.68045
Stop Loss: 1.6888
Take Profit: 1.646
Risk-Reward Ratio: 4:1 (4 for profit and 1 for stop loss)
Description of the short position:
Short Entry: You open a short position on the GBP/CAD pair at a price of 1.68045, which means you are selling British pounds and buying Canadian dollars with the expectation that the British pound will depreciate against the Canadian dollar.
Stop Loss: You place a stop loss at 1.6888, which means if the price rises to that level, the position will automatically close to limit your losses. This level is above your entry price and acts as a protective measure.
Take Profit: You set a take profit at 1.646, which means if the price falls to that level, the position will automatically close to secure your profits. This level is below your entry price and represents the point where you want to realize gains.
Risk-Reward Ratio: The risk-reward ratio is 4:1, which means you are willing to risk 1 unit of loss (if the price reaches the stop loss at 1.6888) to gain 4 units of profit (if the price reaches the take profit at 1.646).
Please keep in mind that trading in financial markets carries risks, and it's important to have a solid risk management plan and closely monitor the market to adjust your positions if necessary.
Trade active
Stop Loss Trailing Stop 1.68499
Trade active
Stop Loss Trailing Stop1.67758
Trading in Profit
Trade closed: target reached
We've reached the established take profit.Grettings SubZero
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