GBPCAD - Rejection At Resistance!

GBPCAD - Rejection At Resistance! After catching a 260 pip move to the upside on this pair, I am now taking a short position to a mid-level which would equate to +115 pips. Price has reached a key level of resistance and failed to break through. On lower timeframes I have seen various candlestick patterns that indicate that this pair will reverse. With a tight SL of -30 pips, this trade gives me a great R:R of 1:3.7. Time and patience will confirm.

Сделка активна:

+70 Pips. SL moved has been moved to entry (1.71646) and this trade is now risk free.

Сделка закрыта вручную:

+80 Pips.

Комментарий:

+115 Pips (Original Target Reached)