GBPCAD Short
Looking to short GBPCAD
Waiting to see how price reacts at the D leg of the harmonic.
Overall downtrend. The D leg is currently at 0.886 (X-A) and aligns with sell limit 1 at 0.618. Sell limit 2 at 0.707
Let's see how it plays out
Waiting to see how price reacts at the D leg of the harmonic.
Overall downtrend. The D leg is currently at 0.886 (X-A) and aligns with sell limit 1 at 0.618. Sell limit 2 at 0.707
Let's see how it plays out
Note
Might be going higher than anticipated and found another Harmonic. Waiting for candlestick confirmation on either Sell limit 2 of the original Harmonic or how price behaves at D leg of the new Cypher pattern (Green Line)Also RSI Overbought on 1-hour Chart.
Trade closed: target reached
TP 1 hit, 150 pips
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.