GBPCAD- H4 CHART - 2168 setup

FX:GBPCAD   British Pound / Canadian Dollar
764 7 12
My bias is short on this pair, this could be a nice opportunity to join the downtrend.
A classic 2618 setup, price formed a double top , broke the neckline and now is near the 0.61 fib retracement.
SL and targets on chart.
Trade only one GBP pair at a time.
Best regards.

Always do your own analysis before opening a trade.
Any respectful and constructive ideas are welcome (agree or disagree).
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Comment: Trade triggered to the pip.
most of all gbp pair trade near 78.6 fib area and am short in all pair from 61.8 ...now am scared lol
FullTimeTrader prashantfx
My advice is to trade only one GBP pair at a time, most currencies are correlated. Regards.
+1 Reply
agree, gbpaud too
Yes, the GBPAUD is bouncing from 2.15 right now. Regards.
Rayge FullTimeTrader
yes i short gbpaud and put sl at 2.16
Rayge FullTimeTrader
i also long eurgbp, important uk data today
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