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forexjunkie33

Rising channel with bearish divergence at 1.6700 on the GBP/CAD

Short
British Pound / Canadian Dollar (FX:GBPCAD)  
forexjunkie33 Updated   
FX:GBPCAD   British Pound / Canadian Dollar
Chart Patterns
2
0
chartpattern
Here we have a rising channel with bearish divergence on the GBP/CAD at the 1.6700 level giving us a chance for a short entry with a great R/R ratio.

Entry is at market

Stops are at 1.6750

Target 1 is at the 0.386 fib level

Target 2 is at the 0.618 fib level

Good Luck
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