Hi, I am shorting GBPCAD after seeing an engulfing candle form at resistance (on the 1 hour chart) which is also the 50 FIB level. The pair has been bullish so it might break through support in which I will then wait for a retest before going long but for now I am short and and looking to hold it until the next support level. R:R is about 4.5:1. Thanks for reading!
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Target hit for a gain of 530 pips with only a risk of 125 pips