trading plan for pound canadian

hey traders,

very beautiful trading setup on gbpcad pair.

after the market violated 1.724 level it approached 1.75 level,
this level was previously approached in January and the market immediately retraced.

now we see a similar picture:
a strong bullish impulse to 1.75 level and then market started to "coil" in a small parallel channel.
Now we see a clear bearish violation of a support level and retest of the broken structure.

I will anticipate bearish continuation to 1.725 level.
Lets see how the market will react on this level.

Good luck!

Kommentera:

hit target 1

Kommentera:

stoped trailed to entry

Trade stängt: målet nått