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GBPCAD: Short Trade Explained

Short
British Pound / Canadian Dollar (FX:GBPCAD)  
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FX:GBPCAD   British Pound / Canadian Dollar
Trend Analysis Chart Patterns Wave Analysis signals signalservice signalsprovider Technical Analysis pound poundsterling canadiandollar fx
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trendanalysis chartpattern waveanalysis signals signalservice signalsprovider technicalanalysis pound poundsterling canadiandollar fx
snapshot

short trade went active on GBPCAD.

Reason: 4H breakout of a support line of a descending triangle formation.
this support matches with a daily structure.

after a breakout I opened a limit order based on the retest of the broken structure.

my sl: 1.733 (above the last lower high within the triangle)

t1: 1.71
t2: 1.70 (round numbers)

risk: 1%

good luck!
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