The GBPCAD currency pair is in a downward and smooth trend. The price is ready to go down to a new level after breaking through the level of 1.7200. The price moves down in a measured manner and each time it is pressed against the support level. The price has already approached this level 4 times, which gives traders a good signal to open a short position. Take profit is best done in 45 points because this Forex currency pair is not very volatile now and at this level, it will meet the next support level.
Order Type: Pending Order - Sell Stop
Entry Price: 1.7200
Take Profit: 1.7155
Pips Earning: 45
As the result of a trading recommendation, the price reached Take Profit the next day.