GbpCad towards 1.67?

2020-01-18 14:59:07

After reaching 1.78, gbpcad corrected aggressively and found support at 1.7 zone.
Even though buyers tried to take control on Friday, the day ended with a bearish engulfing candles formation.
A clear break of this level (1.70) exposes the support from 1.67

Strategy:
Sell the market
Keep SL tight just above 1.71
TP at 1.6700