GBPCAD on daily timeframe has formed Double Bottom on the previous day. Now it was retest the area of the support become resistence after break the M Pattern on Double Bottom around 1.7100. MACD indicator also pointing downward. Looking for downward movement and short on this pair with Stop Loss around 1.7170 and Take Profit around 1.6740 with Risk Reward Ratio 1:5.
Lets see the results!
Lets see the results!
Commento:
SL has been hit! Loss trade!