Attempt to catch the rebound from the upper band of the channel Short

British Pound/Canadian DollarFXCM

Description

⋅ Jan 1, 2019 6:51 AM

The range channel had been forming since Aug 2018. I attempted to short it as a rebound from the upper band ("A") of the channel. My stop loss was above the channel highs and my profit target was at the middle of the channel.

(posted post factum)

Trade closed: stop reached

⋅ Jan 1, 2019 6:51 AM

Chart Patterns rebound