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British Pound / Canadian Dollar
Short

DO NOT TAKE THIS TRADE!

By BarryAllen_Thee
Updated
GBPCAD

Setup: A very obvious HNS pattern indicate reversal in bullish trend.

Confluence:
BRN
Price Action Structure
Supply zone
Structure Breakout

Entry Confirmation:
Wait for CRS then sell

Entry:
Sell@ 1.6900, SL @ 1.7110 (210 pips), TP @ 1.6600 (300 pips)

Reason I say do not take this trade because the SL is 210 pips, which is too huge for me to enter. Of course you can minimise you SL when CRS formed or breakout occurs, but for now, as there isn't any candlestick entry triggers, safe zone for SL will be beyond 1.7110
Trade active
Trade closed manually
forgot to update.

I closed @ 1.6800
+100 pips
Chart PatternsGBPCADgbpcadanalysisgbpcadshortgcadgcadsellTechnical IndicatorsTrend Analysis
BarryAllen_Thee

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