growthbank

[GBPCAD] Sell idea. Ascending triangle formation

Short
FX:GBPCAD   British Pound / Canadian Dollar
I set the sell limit higher than current price because I believe the pair will retrace back to the last highest wick, around the 61 in the Fib from the current price. I see price going straight down into the support zone and either sell past it or make its way back up, regardless we are in a good position for a 33 pip stop and a 300 pip gain.

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