GBPCAD short - 3 Feb 2017

Background:
- Multiple bearish candle formed at the 50MA resistance and trendline resistance

Entry:
- Sell stop with 20pips below the yesterday bearish candle low @ 1.626

SL:
- Set at 50% fib of the candle @ 1.642

PT:
- Set at the next horizontal support @ 1.595

Operación cerrada: precio stop alcanzado:

Updates - 10 Feb 2017:
- Price stopped me out with the recent bullish marobozu.
- Probably stop loss should be set above the trendline resistance
- Need to revisit my SL and entry strategy