Shorting GBPCAD

Last week I identified a number of trades that worked out nicely and the GBPCAD is one of them where we netted almost 200 pips. In this article you'll see a few of the before and after images and there is also a video which explains it all too.

Before

This is the image I sent to premium content subscribers with details of where to enter the trade. This was a quality supply level with lots of profit potential confirmed on the both the H1 and daily charts and engulfs on both too.

2014-11-20 GC Short H1

 

Price hung around the area for quite some time so there was ample time to get in.

2014-11-20 GC Short 5m

Result

Price did as expected and we netted almost 200 pips. Price was not able to break below the previous low on the daily and there was also an engulf of a 5m level too which indicated that price could bounce much higher. Price could still fall further but I followed my plan and that's all that matters.

 

A37 image 1 GC H1

Exit

A37 image 2 GC M5

A37 image 3 GC D1

 

If you would like to receive trades like these each week then you can sign up for more info below.

Happy Trading

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