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Sami_Derti

GBPCAD - H1- Intraday Analysis SHORT @ Breakout Fibonacci Level

Short
British Pound / Canadian Dollar (OANDA:GBPCAD)  
Sami_Derti  
OANDA:GBPCAD   British Pound / Canadian Dollar
Trend Analysis Chart Patterns Wave Analysis GBPCAD USDCAD Forex forexsignals Fibonacci Extension Bearish Patterns Technical Analysis intraday
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trendanalysis chartpattern waveanalysis gbpcad usdcad forex forexsignals fibonacciextension bearish technicalanalysis intraday
GBPCAD - H1- SHORT @ Breakout Fibonacci Level


We have a Major trend that is bearish, we want a continuation of this trend to enter short.
But we need momentum confirmation to enter so we wait for a breakout
of the 1.272 Fibonacci Extension Level.

We are looking for a short entry with as main target the 2.272 Fibonacci Extension Level
but partial profits can be taken @ the 0.618 Fib Level.

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Entry: 1.6985| Stoploss: 1.7020 | Takeprofit: 1.6895 |

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