faylee

Short for Wave 4 retracement

Short
faylee Updated   
FX:GBPCAD   British Pound / Canadian Dollar
Entry effected at$1.772, added $1.769
Tp1:$1.751
Tp2:$1.738
Tp3: to be advised after breaking out 1.73
1H chart: see H&S pattern, price already broken the neckline
Daily chart: Likely in w4 retrace progress,tg:$1.751-1.738
Comment:
4H chart: The H&S pattern in 1H chart, has invalid now, but in 4H, trendline rejected, MACD bearish div., as long as it cross down, and price no making new high, go short.
Comment:
Took some profits for this pair.
Comment:
1H chart update: Likely retarce $1.76887
Trade active:
added 1.765
Comment:
4H chart, the arc top holds well,now moving towards TP1:$1.75
Comment:
1H chart update: just broke the neckline, continue to go south, heading Tp1

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