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stocktrader15
Oct 25, 2015 8:19 PM

GBPCAD Short

British Pound/Canadian DollarFXCM

Description

End of EW cycle, Head and shoulders, Cloud Cross on multiple time frames, indicators look like we may have a slght pullback before a drop so I will be looking for that to get best entry position. Using fib confluence, structure, and traditional head and shoulder trading strategy to pick my TPs and stop position. Stop a pip behind red box. This short is going with Major trend so I will try to ride the trend as long as possible but I will start staling out at my first TP and will be scaling in and out accordingly :D Good Luck!!
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