I am still on the GBPCAD short trade, following its reaction to the weekly resistance around 1.6860.
It recently broke the trendline support and is heading into the 4H support level around 1.6540.
The next level to watch is 1.6452.
I will keep the trade open unless price reverses strongly and closed resistance around 1.6700.
It recently broke the trendline support and is heading into the 4H support level around 1.6540.
The next level to watch is 1.6452.
I will keep the trade open unless price reverses strongly and closed resistance around 1.6700.
Trade closed: target reached:
Trade worked perfectly and hit first target at 1.6450 before reacting strongly and reversing upwards.