FX:GBPCAD British Pound/Canadian Dollar
Cycle-wise we're bound for another Higher Low. I expect it to happen at 1.83. Unless something else happens (ie. it goes straight up now, or plummets to test 1.8), I find it a good idea to enter below the recent low, but above the prior low. The SL in place, of course, risking 1.0 R (first 0.5 R, then adding another 1R, if market co-operates).