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TevinW
Sep 27, 2018 8:30 AM

(SELL, 1HR) GBPCAD Swing Move Sell To 50 Retracement  Short

British Pound/Canadian DollarFXCM

Description

- peak of week high and low established
- tp: 1.70311
- sl: 1.71756
- right time to take move would have been during the asian session but momentum is still evident
- take profit expected to hit on Friday
- risk/reward: 1.46
- pips gained: roughly 800

Trade closed: target reached

After extended stop hunt, move still maintained direction, finding resistance at the 61.8 fib
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