GBPCAD: Short Trade Explained
short trade went active on GBPCAD.
Reason: 4H breakout of a support line of a descending triangle formation.
this support matches with a daily structure.
after a breakout I opened a limit order based on the retest of the broken structure.
my sl: 1.733 (above the last lower high within the triangle)
t1: 1.71
t2: 1.70 (round numbers)
risk: 1%
good luck!
✅Join My Telegram Channel: t.me/VasilyTrading
❗️YouTube Channel youtube.com/c/VasilyTrader
💰Instagram: instagram.com/VasilyTrader/ 💰
✅Facebook: facebook.com/VasilyTrading/ ✅
❗️YouTube Channel youtube.com/c/VasilyTrader
💰Instagram: instagram.com/VasilyTrader/ 💰
✅Facebook: facebook.com/VasilyTrading/ ✅
Related publications
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.