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British Pound / Canadian Dollar
Short

GBPCAD: Trend-Following Trading Plan 🇬🇧🇨🇦

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On today's live stream we discussed GBPCAD pair.
The pair has recently violated key daily structure support to the downside.
Retesting that the price started to coil within a narrow horizontal trading range on 4H.

To catch a bearish move, wait for a 4H candle close below the support of the range.
Then sell aggressively or on a retest.

Initial goal will be 1.6865

In case of a bullish breakout of the resistance of the range, the setup will be invalid.

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GBPGBPCADMultiple Time Frame AnalysisParallel ChannelpoundpriceactionpriceactionanalysispriceactionstrategypriceactiontradingRectangle
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