GBPCAD - Shark Pattern at 1.75 Short

British Pound/Canadian DollarFXCM

Description

⋅ Jun 21, 2018 4:13 AM

This is a bearish shark pattern on GBPCAD in the 4 hr timeframe.

Right now we are right at the PRZ, let's be patient and wait for a close below PRZ before going short.

These are the levels I am watching closely.

For ENTRY: 1.75-1.7520
SL: 1.7610
TP1 1.7335
TP2 1.7221

Trade active

⋅ Jun 21, 2018 10:17 AM

Entered short around 1.75.

Trade closed: stop reached

⋅ Jun 22, 2018 3:16 AM

Got stopped out at 1.7610 last night. Always respect your stop loss

Comments

Hassanfx_Expert

⋅ Jun 21, 2018 11:05 AM

Sir gbpcad goinn up? What you think now?

TerryHarmonicTrading

⋅ Jun 21, 2018 11:08 AM

@Hassan.saeed881994, if it hits sl, then I am stopped out. Losses are part and parcel of trading.

NateTheGreat7

⋅ Jun 21, 2018 1:22 PM

@Hassan.saeed881994, You stick to your strategy. If not, you will never be a profitable trader. You don't hop out of a trade just because it doesn't go in your direction

jose

⋅ Jun 21, 2018 4:38 PM

@NateTheGreat7, agree