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forexjunkie33
Sep 21, 2017 11:30 AM

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

British Pound/Canadian DollarFXCM

Description

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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