GBPCAD Peaking followed by minor signs of dropping

Hi Guys,

If we Look at this chart, there seems to be a reversal at 1,8048 followed with a drop. Hence, i think we can start to short GBPCAD.

Be aware that this chart still has an upward trend and if we draw diagonal line from the bottom to the top, I would expect some retracement period at 1,7410, so you can take some profit here.

IF this this chart passes the line followed by a pullback, i would target the 0.5 level, but if there is major resistance at the upward trend line, i would close this trade with the profit.

Let's see where it goes

T/P1 at 1,7410
T/P2 at 1,6939
S/L at 1.8070

Please don't risk more than 2% of your capital

Hope you get some profit from this idea

Cheers!

Operación cerrada: precio stop alcanzado:

Hey guys,

got S/L on this trade.
will try to observe if shorting again is a good idea

let's see