The area between the two red lines (1.8420 and 1.8142) is the stronge area of resistance on the Daily Chart .
The Pound fell against the Canadian Dollar last Thursday and closed that trading day below the 1.8142 key level with a strong bearish candle.
The Pound had since recover a little and retest the 1.8142 key level with a long tailed Pin bar that create a false break.
My Short position
Entry : 1.8132
SL : 1.8241
TP : 1.7968
*** This information is NOT a recommendation to buy or sell. It is to be used for educational purposes ONLY. ***
*** I will accept no responsibility for any losses you may incur. Do not invest more than you can afford to lose. ***
The Pound fell against the Canadian Dollar last Thursday and closed that trading day below the 1.8142 key level with a strong bearish candle.
The Pound had since recover a little and retest the 1.8142 key level with a long tailed Pin bar that create a false break.
My Short position
Entry : 1.8132
SL : 1.8241
TP : 1.7968
*** This information is NOT a recommendation to buy or sell. It is to be used for educational purposes ONLY. ***
*** I will accept no responsibility for any losses you may incur. Do not invest more than you can afford to lose. ***
Trade closed: target reached:
The Pound fell sharply against the Cad and took me out with 1.5r
My trade performance for April 2018
+ 1.5r
Trade History
3rd April (GbpCad + 1.5r)
My trade performance for April 2018
+ 1.5r
Trade History
3rd April (GbpCad + 1.5r)