GBPCAD Sell Trading Strategy Fully Explained

Here is a follow-up on the pound CAD trade we shared with you in our channel. This trade was shared with you on November 13th. The plan was short-term pullbacks and sell the rallies from the Fibonacci levels. Let's take a look on the charts to remember what was this trade about. Daily chart broke below the most recent trend line and the 4-hour chart followed absolutely the same Thing broke its own trend line, completing double time frame trend line breakouts. Fantastic technical sign. Besides that, the 4-hour chart completed a bearish price structure: three lower highs, lower lows, with zero signs against us. The plan was sell the rallies from the Fibonacci levels as long as they hold. And as we can see, the first Fibonacci level in between the 23 to 38 to Fibonacci. Fibonacci holds and the pound CAD delivers another drop to the downside for more than 300 points. Join our family, the Home Trader Club, for full complete trading courses, real-time trading education, and real-time trading opportunities.