GBPCAD-Short. Cad gaining strength over GBP. Butterfly on 4H. Short

GBP/CADOANDA

Description

⋅ Feb 1, 2021 3:49 AM

Short trade on 4 hours timeframe for GBPCAD . Mid-term bias--: GBP weaker than CAD.
Butterfly pattern formed perfectly on 4 Hours timeframe.
RSI zig zag peak point is reached and forming another bearish line.
RSX reached overbought level and crossed the LSMA.

Trade details:
Entry: 1.75397
TP: 1.7390
SL: 1.7665

Trade already initiated on 4 hours. It is a mid-term to swing trading.

Trade active

⋅ Feb 1, 2021 1:53 PM

Trade closed manually

⋅ Feb 4, 2021 2:28 AM

Another pattern formed, and the price moved faster than expected, signing a reversal might happening, and maybe for us to take another trade.

Closed the trade manually at 1.74380. Still a really nice profit. Congrats for everyone that took the trade.

Comments

Dave-FX-Hunter

⋅ Feb 1, 2021 2:53 PM

Thank you so much

LittleBanii

⋅ Feb 1, 2021 4:35 PM

@Dave-FX-Hunter, Cheers..