GBPCAD: Short Trade Explained Short
British Pound/Canadian DollarFXCM
Description
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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!