JST94fx

WK21, GBPCAD, Short idea

Short
FX:GBPCAD   British Pound / Canadian Dollar
Looking at higher timeframes (Daily, Weekly) price is in a short term downward trend.
IF price reaches the upper trendline acting as resistance AND candlestick formation on lower time frames (15m, 30m, 60m) show signs of a reversal
THEN a short trade will be taken around 1.70866
TP1 (short term) - 1.69525
TP2 (long term) - 1.68175
Comment: Closed 75% of trade at 1.6894 with 97 pip profit.
Reason for early partial close - on 1H time frame the lower lows flattening off and potential breakout to the upside could occur.

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