TRADE OF THE WEEK | Trend-Following Trading in Action๐Ÿ’ฐ

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Hey guys,

As you know, I was monitoring GBPCAD for quite a while to catch a bearish continuation after a retracement.
Spotting a major falling channel, I was patiently waiting for a test of its resistance to short from there.

GBPCAD: Important Decision Ahead! Your Plan: ๐Ÿ‡ฌ๐Ÿ‡ง๐Ÿ‡จ๐Ÿ‡ฆ


My confirmation was a descending triangle formation on 4H time frame.
The position was opened on a retest of its broken neckline.

+290 pips of pure profit so far!

Did you catch this move?

โค๏ธIf you have any questions, please, ask me in the comment section.
Please, support my work with like, thank you!โค๏ธ
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Check my new analysis on EURUSD:
EURUSD: Important Decision Ahead Next Week ๐Ÿ‡ช๐Ÿ‡บ๐Ÿ‡บ๐Ÿ‡ธ
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