TC Trade on the GBP/CAD 4hr Chart (Short)

This pair has recently broken below previous structure level giving us the chance to get short if price action can retrace back into the 1.7165 level. There is very good risk/reward ratio with this trade.

Entry is at 1.7165

Stops are at 1.7265

Target 1 is at 1.6965 (0.618 fib level)

Target 2 is at 1.6810 (0.786 fib level)