mmrabea

GBPCAD - Short

mmrabea Updated   
FX:GBPCAD   British Pound / Canadian Dollar
Set up: Price exhausted after almost a thousand(!) pip move up from last week, we see a head and shoulders formation on H1.
Trade: Entry at the current price with a SL above the current trend line slightly above the last high aiming at the 61.8% fib retracement on the last move, closing the gap opened over the weekend and retesting a major resistance turned support area.
Trade closed: stop reached
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