GBPCAD SHORT 1:4 RR 280 pips Target
Hello,
GBPCAD has been indecisive in the 4 hour chart right below 1.67 level. Looking at higher timeframe, we could see that since August this year, 1.67 ~ 1.675 got tested more that five times and GBPCAD failed to break above this level.
Even thought we saw a bullish candle on 20 October, but it seems to be running out of steam to rise higher. Fundamentally, as the UK is entering into discussion with EU, uncertainty is hammering the chance of GBP rising higher.
Entry 1.669
TP1 60 pips at 1.663
TP2 280 pips at 1.641
Happy trading!!
GBPCAD has been indecisive in the 4 hour chart right below 1.67 level. Looking at higher timeframe, we could see that since August this year, 1.67 ~ 1.675 got tested more that five times and GBPCAD failed to break above this level.
Even thought we saw a bullish candle on 20 October, but it seems to be running out of steam to rise higher. Fundamentally, as the UK is entering into discussion with EU, uncertainty is hammering the chance of GBP rising higher.
Entry 1.669
TP1 60 pips at 1.663
TP2 280 pips at 1.641
Happy trading!!
Trade ativo
good timing, 20 pips to the first targetTrade ativo
Target 1 reached. 60 pips collected.Trade fechado manualmente
closed at BE. the resistance has turned into support.
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Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.