pfff... explaining, impossible in text. I'm gonna get my trade room going. Gcad was an easy sell entry today. I actually had a line at the exact level (to the pip) it pulled off. I am not in it, already too much GBP on portfolio. Could care less, so many charts. Bearish butterfly pattern, which Ecad also produced, but a more contracted form (I am in that). Gbp/Cad also has a bearish AB=CD triangle harmonic on the daily, so strong area. Harmonics aren't the key though. What bothers me is Gcad did not break the major high and I still think it will. I don't see full out reversal and all these cad pairs were trying to close the week at the diagonal level that Gcad did, some broke it though. I'm still in GA sell, scrapped EA buy (which I profited on). If I see Gcad do what I marked up beginning of week, I will set sell stop below and look to scalp to 1.7640, then to 1.7560 and let some run in case it wants to totally correct this move. But it still has potential to come off the level it wicked off in london and continue up to finish its business of breaking high, so if not in it, wait for consolidation and place stop below. At this point the furthest I would attempt to take it to would be to the 1.75 level. Similar to Ncad to me. Looking like an ending diagonal C wave. Just keep in mind you would think they would break the high on May 5, 2017, but it doesn't "have" to. But yeah, it looks like a sell
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I would just like to add, I want confirmation on this sell. I hope it goes up to break the top from May 5th because that will be a perfect place for a long term sell entry.
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I am still not in this. I have a sell limit for a swing at 1.78423 at high