GBP/CAD Near Strong Res Area , Short Valid To Get 150 Pips !

Here is my opinion on 4H GBP/CAD Chart , the price touch a very strong res area that forced the price to respect it and go down for more than 500 pips for 2 times , and now the price touch it and moved 60 pips to downside so now i`m waiting the price to go back to retest the same area again and give me a good bearish price action to can enter a sell trade and we can targeting from 100 : 200 pips . if we have a daily closure above my res area this idea will not be valid anymore .

Entry Reasons :

1- Very Strong Daily Res Area .
2- Perfect Bearish Price Action .
3- Bigger Time Frames Confirmed .

Not

The Price Touch My Res Area and acting very good and moved +50 pips , if we can close below 1.86400 today it will be a good confirmation to know that the price will continue

İşlem kapandı: hedefe ulaştı

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Feragatname

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