GBPCAD short, for 112 pips

6 dic 2021

3 confluences for this trade: BOS and retracement into our golden fib zone on the 4H, price then formed a bearish engulfing candle indicating big sell side momentum. We also had support from our 50, 100, and 200 EMA's. We were also in a clear downtrend channel as well, so all I had to do was follow the trend, overall very clear structure for this pair. I am quite fond of the pairs against CAD. Lastly, we also had a ranging box on the H1, and these ranging boxes are very viable for breakout trades.