Ahmed-J
Short

TREND FOLLOWING Play GBPCAD

FX:GBPCAD   British Pound / Canadian Dollar
Hey traders, This is Ahmed the founder of Pro Trading University,

I am going to short this market once it hits the red level. The trend is bearish . I know this after we closed below the previous cycle low. I think I did a good job in explaining my thought process in the chart. Please ask me any question, I will be happy to answer them as I will be staying here in my trading office all day long with nothing to do :P

And so it begins :)
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Ahmed-J spiterman
I already canceled my pending orders since this is not a double top any more. I hope it works out for you.
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spiterman Ahmed-J
yes i did not take this either, didnt have a rule for entry
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whats your rule on entry ?
Reply
Ahmed-J spiterman
Hi Spiterman, if bearish trend, then double top (retest). If risk/reward better than 1 to 1 -> enter. This is the simplified rule for this specific trade.
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