GBPCAD-nice impulse and correction 0.61 fib Short

British Pound/Canadian DollarFXCM

Description

⋅ Aug 12, 2015 2:41 AM

A low risk trade. The price made an impulse and correction to the 0.61 fib retracement.
Good R/R ratio.
In Technical analysis this setup is called 1-2-3
Regards.

Comments

fxrandal

⋅ Aug 12, 2015 3:42 PM

Are your targets still the same for this pair? thanks

FullTimeTrader

⋅ Aug 12, 2015 4:29 PM

Hello, yes, trade still active, moved SL to BE

Fuse00

⋅ Aug 12, 2015 4:58 AM

I like this idea as price has rejected off the 61.8%.

FullTimeTrader

⋅ Aug 12, 2015 10:47 AM

Thanks for comment, 0.61 is my prefered retracement also, so far everything is working fine............