GBPCAD |Short D1 | Market Exec |

Technical Confluences for Trade:
- Stochastics are in Overbought Conditions on D1 and H1 time-frame. H4 is also entering Overbought Conditions.
- Price action is close to last month's Resistance Trendline
- Price action is well into a Supply Zone area
- Targeting between the 50.0% - 61.8% Fibo retracement

Suggested Trade:
Entry @ Area of Interest 1.7180 - 1.7270
SL @ 0.1.7348
TP 1 @ 1.7002 (Close Half-Position & move SL to Entry level once TP1 is achieved)
TP 2 @ 1.6811
Risk-to-Reward @ Approx. 2.93 (Depending on Entry Level)

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Commentaire:

Going to enter a 2nd entry at this level.

It is close to a 78% Fibo extension level too.

Commentaire:

Revising SL level to 1.7509.

Trade fermée: ordre d’arrêt atteint:

Protecting capital for another day.