Hi, I am shorting GBPCAD
after seeing an engulfing
candle form at resistance (on the 1 hour chart) which is also the 50 FIB level. The pair has been bullish
so it might break through support in which I will then wait for a retest before going long but for now I am short and and looking to hold it until the next support level
. R:R is about 4.5:1. Thanks for reading!