The GBP/CAD pair brake of the 800sma and 200sma 8h chart SurpriseBox . The brake also penetrated a symmetric triangle pattern of support and resistance. Shorted the pair at the break. Target was 1.5500 corresponding to a recent low. Already got out of the position after entering 1.5675 at the recoil of the break and making 100pips. 1.5750 was my stop, so 50:50 profit:risk ratio.
Disclaimer: I trade the patterns depicted either at the entry point stated (e.g. trading channel, breakouts) or afterward. Although my trades are based on technical analysis, trading forex is a risky activity and may produce significant monetary loss. I only make public the trades that I am considering to make, or made and the rational for them. Not intended necessarily as trading recommendations. By SurpriseTrade@gmail.com
Disclaimer: I trade the patterns depicted either at the entry point stated (e.g. trading channel, breakouts) or afterward. Although my trades are based on technical analysis, trading forex is a risky activity and may produce significant monetary loss. I only make public the trades that I am considering to make, or made and the rational for them. Not intended necessarily as trading recommendations. By SurpriseTrade@gmail.com
