GBPCAD finishing of triad cycle

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Daily
Range after down trend
It range sooner more bullish

I will w8 and see how the SR and test level will be completed.
Bars shows downtrend

4H
Classical triadic cycle pattern
1 peak around 17% of distance and end of phase
2 peak around 50%
3peak around 80%


1H
weak pullback before going down to test 1.70000-1.69800
I am open short
SL 1.71200
TP 1.70000

Then if it works I will continue shorting after pullback.
I think finally price will reach 1.66500

١٣ نوفمبر ٢٠١٨

أغلقت الصفقة: تم الوصول لوقف الخسارة

-399 PIPS
RR 3.37
I will wait for re-enter short.

١٥ نوفمبر ٢٠١٨

ملاحظة

As it was expected the last phase of Cycle is ongoing.
I will suggest to enter short on pullback