GBPCAD - possible sells?

10 Jan

Here is our view on GBPCAD. Potential short opportunities.

We believe that GBPCAD could continue to the downside. We have two possible entries. One could be at the pullback at 1.78061. The second entry could be at the break of previous lows sitting at 1.76267. We are aiming for the target and deeper lows sitting at 1.74818. We can expect the higher pullback to be visited if 1.77443 is broken.

PARAMETERS; for the pullback trade

- Entry: 1.78061
- SL: 1.78773
- TP: 1.74818

PARAMETERS; for the break trade

- Entry: 1.76267
- SL: 1.76971
- TP 1.74818

KEY NOTES

- GBPCAD remains bearish.

- Break above 1.77443 would confirm a pullback to our first entry sitting at 1.78061.

- Break below previous lows (1.76267) would result in deeper pullbacks.

Happy trading!

FxPocket

13 Jan

Dagangan ditutup: sasaran tercapai

GBPCAD has hit our TP (Take Profit).