GBPCAD Bearish Nen Star 4Hr Short Position
Updated
GBPCAD Short
Position Entry: 1.76299
SL: 1.77100
TP: 1.74993
Bearish Nen Star formed on the 4 Hr chart
Currency pair currently in a downtrend and has bounced off the 50% fib retracement level but not taking profit back at 0% level as this is out of my trendlines
Price Struggling to break Daily support - Only time broken was due to Fundamental News
Stochastic Oversold on Daily chart
Three TP levels have been placed at the different levels of retracement from the C to D levels - 38.2%, 50% and 61.8%
Risking 5% for potential 15% ROI
Position Entry: 1.76299
SL: 1.77100
TP: 1.74993
Bearish Nen Star formed on the 4 Hr chart
Currency pair currently in a downtrend and has bounced off the 50% fib retracement level but not taking profit back at 0% level as this is out of my trendlines
Price Struggling to break Daily support - Only time broken was due to Fundamental News
Stochastic Oversold on Daily chart
Three TP levels have been placed at the different levels of retracement from the C to D levels - 38.2%, 50% and 61.8%
Risking 5% for potential 15% ROI
Comment
TP1 Target HitComment
TP2 Target HitComment
TP3 Target HitTrade closed: target reached
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