GBPCAD (4H) Bearish breakout

Hi Traders

GBPCAD (4H Timeframe)

The market is in a downtrend and we are waiting for an entry signal to go SHORT below the 1.7076 support level. Only the upward break of 1.7190 would cancel the bearish scenario.

Trade details

Entry: 1.7076
Stop loss: 1.7190
Take profit 1: 1.7017
Take profit 2: 1.6910
Take profit 3: 1.6736

Score: 6
Strategy: Bearish breakout