GBPCAD short trade www.primefxlimited.co.uk

price action on the daily time frame is on a downtrend, we have seen price create a series of lower lows and lower highs and now we are in a correction period. using a Fibonacci measuring tool price action has pulled back 61.8% which is a golden ration and also created a reversal pattern head and shoulder on the hourly and evening star formation on the 4 hour. using clear support and resistance we are able to identify the key areas of reversal point on smaller time frame such 15 minutes and 30. www. primefxlimited.co.uk if you want more content.