GBPCAD-corrective structure finished

FX_IDC:GBPCAD   British Pound / Canadian Dollar
481 4 12
Same idea here, price appears to have finished a WXY corrective structure.
We see also a harmonic AB=CD pattern.
Round level 2.05000 is a good protection.
Choose and trade only one GBP pair at a time
Hi there, hopefully you were able to lock in profit before its retracement of this morning. I took the a trade this morning on the upward move. Now +130 pips. Cheers.
Yest, its better to actively manage the trade befores news, moving SL to BE, closing the position or taking partial profits. Managing is 60% of a trade.Congrats on your trade. Regards.
Could go little higher before reversing, what do you think?

+1 Reply
FullTimeTrader KevinSinghDhaliwal
Off course, price could retrace to the 0.7860 or 0.8860 fib, the pattern is valid also. Both EW and harmonics are saying the same thing.
+1 Reply
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