GBPCAD going for upward pullback Long

British Pound/Canadian DollarFXCM

Description

⋅ Jan 2, 2019 5:22 PM

As we can see. the price has closed below the 200EMA signaling a possible change in trend. We can try to catch an upward pullback by buying now. Trade with small size as we are going against the possibly a new downtrend.

Trade active

⋅ Jan 2, 2019 5:22 PM

Trade closed: stop reached

⋅ Jan 3, 2019 7:49 AM

Luckily my S/L was hit

Trend Analysis