GBPCAD SHORT 1:4 RR 280 pips Target

FX:GBPCAD   British Pound / Canadian Dollar

GBPCAD has been indecisive in the 4 hour chart right below 1.67 level. Looking at higher timeframe, we could see that since August this year, 1.67 ~ 1.675 got tested more that five times and GBPCAD failed to break above this level.

Even thought we saw a bullish candle on 20 October, but it seems to be running out of steam to rise higher. Fundamentally, as the UK is entering into discussion with EU, uncertainty is hammering the chance of GBP rising higher.

Entry 1.669
TP1 60 pips at 1.663
TP2 280 pips at 1.641

Happy trading!!
Trade active: good timing, 20 pips to the first target
Trade active: Target 1 reached. 60 pips collected.
Trade closed manually: closed at BE. the resistance has turned into support.


good timing, 20 pips to the next target
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out