GBPCAD has an inside day in a downtrend after 21ema correction.
What's more, this breakdown may also be played as a 1.7200 fig breakdown (although fig is not as important in Forex as in stocks lol).
Accordingly, this inside day is a typical "follow the trend" trade that I would only be willing to short the breakdown.
If it breaks to the upside first, this trade doesn't exist anymore.
Let's see how it goes!
What's more, this breakdown may also be played as a 1.7200 fig breakdown (although fig is not as important in Forex as in stocks lol).
Accordingly, this inside day is a typical "follow the trend" trade that I would only be willing to short the breakdown.
If it breaks to the upside first, this trade doesn't exist anymore.
Let's see how it goes!
Order cancelled
Broke to the upside first, this trade doesn't exist anymore.
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.