PawnMeNot

Short GBP / CAD

Short
PawnMeNot Updated   
OANDA:GBPCAD   British Pound / Canadian Dollar
Daily:
Triple top rejection at horizontal resistance at 1.76200, currently re-testing the resistance line.

4H:
Bearish evening star candle stick pattern at horizontal resistance line at 1.76200
Head and shoulder pattern where 2nd shoulder failed to push price higher than the 1st shoulder

Position: Long
Entry: 1.760
Stop Loss: 1.768
Target: 1.744
Risk:Reward = 1:2
Trade active:
Edit***
Position: Short
Entry: 1.760
Stop Loss: 1.768
Target: 1.744
Risk:Reward = 1:2
Trade closed: stop 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.