Here's my trade plan for GBP/CAD Tuesday. 1.7325 - 1.7350 is a strong Resistance level (prior Support) and we have a good Support level at 1.7252 which I see being the next zone for price to break below.
1.7220 is my 1st TP🎯 followed by TP🎯#2@ 1.7050.. Need to wait for price to retest the resistance level once more and close below 1.7330 to validate the SHORT plan setup.
SHORT entry@1.7330
🛑 Loss@1.7350
TP🎯#1@1.7220
TP🎯#2@1.7050
13.3 Risk/Reward👍
1.7220 is my 1st TP🎯 followed by TP🎯#2@ 1.7050.. Need to wait for price to retest the resistance level once more and close below 1.7330 to validate the SHORT plan setup.
SHORT entry@1.7330
🛑 Loss@1.7350
TP🎯#1@1.7220
TP🎯#2@1.7050
13.3 Risk/Reward👍
Trade closed: target reached