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British Pound / Canadian Dollar
Short

GBPCAD Short

By FX_CouchPotato
Updated
GBPCAD
This is to some extent a continuation of my last attempt to short the pair, which unfortunately failed. The pair has been consolidating for a while and has formed a triangle. Now, with a valid triangle pattern and bearish divergence, the pair has broken through the support. This presents a great opportunity to short the pair with moderate risk.
Trade active
Partially locking in profit
Trade closed: stop reached
Stop loss was hit, but due to partially locked profit, there was no net loss.
Chart PatternsGBPCADTechnical IndicatorsshortTrend Analysistrianglebreaktrianglepattren

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