TradingView
Nuno_Nascimento
Apr 26, 2017 10:42 AM

GBPCAD Short

BRITISH POUND / CANADIAN DOLLARICE

Description

After hit a supply zone on a daily time frame, price has consolidate
Also a bearish pin bar was formed meaning that traders are rejecting the 1.75 level. This comes in line with the bearish divergency between price and the RSI
I will place a sell limit order on the 50% retracement of the bearish pin bar with a stop loss just above the high. This way i can get a better RR
Target is 1.7279

Trade active

Trade closed: stop reached

More