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British Pound / Canadian Dollar
Short
Updated

GBPCAD Short [Daily Swing]

205
GBPCAD Potential +2.5RR. Confluences on the chart.
Note
It's a simple HTF Zone/EMA retest with a strong Trend bias. Directional BOS has been used as an added confluence and Engulfing Candle as an entry.
Trade active
Floating +1.5R
Trade closed: stop reached
CAD got demolished with poor Inflation numbers. Reaction to the news takes us out of the trade.
quantxx
Moving AveragesMultiple Time Frame AnalysisTrend Analysis

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.
Moving AveragesMultiple Time Frame AnalysisTrend Analysis
quantxx

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.