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TareqEsawy

GBPCAD: Bearish Engulfing Candle supports sell off continuation

Short
British Pound / Canadian Dollar (FX:GBPCAD)  
TareqEsawy Updated   
FX:GBPCAD   British Pound / Canadian Dollar
Trend Analysis Chart Patterns GBPCAD
3
2
trendanalysis chartpattern gbpcad
After breaking bullish trend line, it fails at the retest point with big bearish engulfing candle. Short trade setup could be good here with 1.7850 and 1.7750 as targets, you can put your stops right above 1.81 levels
Comment:
TP1 reached at 1.7850, +100 is done here. we can book partial profits and move your SL level to entry
snapshot
Trade closed: target reached:
We close the rest of our position here. Average return on our position is +65 pips
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