CollegeofPips

GBP/CAD Is About To Be Smashed By Sellers πŸ”¨πŸ”¨πŸ”¨

Short
OANDA:GBPCAD   British Pound / Canadian Dollar
πŸ’‘ Trade Idea


πŸ“‰ GBP/CAD | Sell Limit Order @ 1.7432


🎯 Target Profit 1.7310


πŸ›‘ Stop Loss 1.74933


❌ Do not risk more than 1% of your account on each trade


πŸ™‚ Good Luck !


Description:

The price was trading to the downside by posting lower lows and highs. Recently it posted a correction count in a form of a bearish flag pattern. We have an area of confluence between the 50% Fibonacci retracement level & the resistance around the 1.7432 USD level. This could lead to a move downward again to the 1.7310 USD.
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Comments

Great analysis, im in on a sell
Reply
CollegeofPips herbiewilman
@herbiewilman, thanks much appreciated.
Reply
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