Get started
barry_fxtrader

GBPCAD Short Scenario

Short
British Pound / Canadian Dollar (FX:GBPCAD)  
barry_fxtrader  
FX:GBPCAD   British Pound / Canadian Dollar
GBPCAD gbpcadshort GBP CAD Fibonacci Fibonacci Retracement Fibonacci Extension Trend Lines trend trendcontinuation trendtrading trendtrader swing swingtrading swingshort
0
0
gbpcad gbpcadshort gbp cad-dollar fibonacci fibonacciretracement fibonacciextension trendline trend trendcontinuation trendtrading trendtrader swing swingtrading swingshort
Here is simple trend continuation analysis on GBPCAD. Dependent on P.A. at the trend line we could look for a valid entry point and candlestick formation.

If however, P.A. breaks above the descending trend line price could rally all the way up to 1.8550. Either way there is a lot of pips here to bag.

Targets are bases on simple fibonacci levels and trend trading.

Trade safe!
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.