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GBPCAD H16: BEST Level to SHORT/HOLD +150/+300 pips(SL/TP)(SWING

Short
FX:GBPCAD   British Pound / Canadian Dollar
GBPCAD H16: BEST Level to SHORT/HOLD +150/+300 pips(SL/TP)(SWING)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
tagged as SHORT because I expect reversal
from overhead. read entire idea before shorting!


🔸 Summary and potential trade setup
::: GBPCAD 16hours/candle chart review
::: currently under mini distribution
::: SHORT from the rectangle zone
::: gap near 6950 will get filled
::: gap will drag prices down
::: for best results short from overhead
::: USDCAD dump will trigger more losses
::: BEARS will take from there
::: expecting pullback / re-test of 6950
::: get ready to SHORT NEAR MARKET
::: best entry: 7220/7260
::: recommend to SHORT/HOLD TP +300 pips
::: recommended strategy: SHORT/HOLD
::: TP1 BEARS +150 pips TP2 BEARS +300 pips
::: final TP BEARS is 6950
::: SWING trade setup do not expect
::: fast/miracle overnights gains here
::: good luck traders
🔸 Supply/Demand Zones
::: 6950 fresh demand zone
::: 7450 fresh supply zone
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment short-term: BULLS
::: Sentiment outlook mid-term: BEARS

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