FullTimeTrader
Short

GBPCAD-my confirmation to go short

FX:GBPCAD   British Pound/Canadian Dollar
208 1 6
The prices has been struggling to break the resistance area shown as rectangle .
Then made an engulfing bearish candle but the psycholevel 1.8000 was too close to enter there.
Now the price broke already the support trendline and the 1. 800             price, this is my confirmation to short.
There are 2 profit targest very clear.
Fundamentally, the CAD had a better performance last week against the GBP.
Happy trading
thanks for this post
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