GBPCAD - Rejection At Resistance!

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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.
Giao dịch đang hoạt động
+70 Pips. SL moved has been moved to entry (1.71646) and this trade is now risk free.
Giao dịch được đóng thủ công
+80 Pips.
Bình luận
+115 Pips (Original Target Reached)
Chart PatternsGBPCADgbpcadshortTechnical IndicatorsrejectionswingtradingTrend Analysis

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