GBPCAD: Short Trade Explained

14 במאי 2020

short trade went active on GBPCAD.

Reason: 4H breakout of a support line of a descending triangle formation.
this support matches with a daily structure.

after a breakout I opened a limit order based on the retest of the broken structure.

my sl: 1.733 (above the last lower high within the triangle)

t1: 1.71
t2: 1.70 (round numbers)

risk: 1%

good luck!