sunnyk92

GBPCAD potential shorts incoming

sunnyk92 Updated   
OANDA:GBPCAD   British Pound / Canadian Dollar
We may have potential shorts on our hands with this pair. After the last weeks bearish price action , a correction of any form was inevitable. Since correcting we have started to make lower lows on the shorter timeframes. If we break last significant higher low directed , we can expect price to push down another leg. I will be waiting for a 1H or 2H retest.

Trade safe!

Sunny
Comment:
First TP hit.
Comment:
I am personally out of this position - trade closed.
Trade closed: target reached

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.