GBPCAD: Trend-Following Trading Plan 🇬🇧🇨🇦

Short

British Pound / Canadian Dollar (OANDA:GBPCAD)

OANDA:GBPCAD British Pound / Canadian Dollar

mtfa rectangle parallelchannel gbpcad priceactionanalysis priceactiontrading priceaction priceactionstrategy pound gbp

On today's live stream we discussed GBPCAD pair.
The pair has recently violated key daily structure support to the downside.
Retesting that the price started to coil within a narrow horizontal trading range on 4H.

To catch a bearish move, wait for a 4H candle close below the support of the range.
Then sell aggressively or on a retest.

Initial goal will be 1.6865

In case of a bullish breakout of the resistance of the range, the setup will be invalid.

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