GBPCAD Short Fakeout Trade

GBPCAD Short Fakeout Trade

In the Asian session we close above the Previous Weekly High + Previous Day Low and Local High and then returned creating a double top, waiting for push down.

Stop Loss 3 pips above the zone: 1.80246
Take Profit: 1.79759

1. R:R 1:1, 0.5% Risk
2. After reaching TP closing half and moving SL to Breakeven
3. Trailing the rest with market structure on M15 and later H1

Close the loser before hitting full SL if price moves back to the breakout level without follow-through.
Close the winner if a reversal signal forms (e.g., engulfing pattern, pin bar), especially on higher timeframes like H1.