YoshuaUS
Short

GBPCAD - Short - M Formation

FX:GBPCAD   British Pound / Canadian Dollar
For this trade we're forming pretty standard double top . The tops are lying below a strong zone which I expect it to respect and bounce back off of. We're looking for it to reach the 1.7850~ Level and then put in a short to the V of the M, if you want to play it safe and not put in a pending I'd watch how it reacts to the zone first and wait for an engulfing candle or any other type of pattern indicating a reversal. What i believe to be a good entry, stoploss and take profits I have marked on the chart.
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