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MrVolcano

GBPCAD - Bearish Engulfing bar rejecting daily 21EMA

Short
British Pound / Canadian Dollar (FX:GBPCAD)  
MrVolcano Updated   
FX:GBPCAD   British Pound / Canadian Dollar
3
0
Large bearish engulfing bar rejecting the daily 21 EMA, trendline and fib 38% level. Hoping for another impulse move lower.
Trade closed: stop reached:
Entered too early. Should have waited for a break of the trendline for entry and have perhaps waited for price to have hit the (bearish) trendline resistance.
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