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BarryAllen_Thee

DO NOT TAKE THIS TRADE!

Short
British Pound / Canadian Dollar (FX:GBPCAD)  
BarryAllen_Thee Updated   
FX:GBPCAD   British Pound / Canadian Dollar
Trend Analysis Chart Patterns Technical Indicators GBPCAD gcad gcadsell gbpcadshort gbpcadanalysis
5
0
trendanalysis chartpattern indicator gbpcad gcad gcadsell gbpcadshort gbpcadanalysis
GBPCAD

Setup: A very obvious HNS pattern indicate reversal in bullish trend.

Confluence:
BRN
Price Action Structure
Supply zone
Structure Breakout

Entry Confirmation:
Wait for CRS then sell

Entry:
Sell@ 1.6900, SL @ 1.7110 (210 pips), TP @ 1.6600 (300 pips)

Reason I say do not take this trade because the SL is 210 pips, which is too huge for me to enter. Of course you can minimise you SL when CRS formed or breakout occurs, but for now, as there isn't any candlestick entry triggers, safe zone for SL will be beyond 1.7110
Trade active
Trade closed manually:
forgot to update.

I closed @ 1.6800
+100 pips
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