GBPCAD Short Trade Setup
Hello traders.
It broke the up trendline and now it's making a correction. I have an entry order as you can see. Waiting for breakout and correction in order to take short trade is also a good idea. Here is my forecast. But of course, I won't keep open this trade until it breaks weekly bottom. I'm just showing you the potential.
It broke the up trendline and now it's making a correction. I have an entry order as you can see. Waiting for breakout and correction in order to take short trade is also a good idea. Here is my forecast. But of course, I won't keep open this trade until it breaks weekly bottom. I'm just showing you the potential.
Trade active
Trade closed manually
It was a breakeven trade. I'm still expecting down move, but probably it is making a bigger correction.
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Related publications
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.