GBPCAD finishing of triad cycle
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
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
Trade fermée: ordre d’arrêt atteint
-399 PIPSRR 3.37
I will wait for re-enter short.
Note
As it was expected the last phase of Cycle is ongoing. I will suggest to enter short on pullback
Clause de non-responsabilité
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.