OfficialJ23

GbpCad Trade Idea

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FX:GBPCAD   Libra Esterlina/Dólar Canadense
Gc was ranging between 1.72000 and 1.70800-17 for some time. We finally have a clean break to the downside. Before I go short I wanna see price pullback! We did get a 1hr retest so we can either see price pullback to the 1hr level support to turn it into resistance OR price can still pullback to 1.70800-17. At that point we could possibly see the pullback on the daily giving us more confirmations to go short AS LONG AS PRICE CAN STAY BELOW 1.70800-17. At that point I'll be looking for short opportunities until price can tap 1.68670. If all goes well on the retest, I'll personally be looking for a 1:3-1:4rr!
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