GBPCAD: Bearish Engulfing Candle supports sell off continuation

After breaking bullish trend line, it fails at the retest point with big bearish engulfing candle. Short trade setup could be good here with 1.7850 and 1.7750 as targets, you can put your stops right above 1.81 levels

Komentarz:

TP1 reached at 1.7850, +100 is done here. we can book partial profits and move your SL level to entry

Transakcja zamknięta: osiągnięto wyznaczony cel:

We close the rest of our position here. Average return on our position is +65 pips