I am waiting for a break of the trend line for a buy.
If the buy is successful and price reaches the .5 fib level where there is previous support to the left (highlighted yellow rectangle), I will look for a sell all the way down to 14.400 at a daily trend line support.
-This goes along with my previous idea I posted on GBPCAD
-We are using structure and harmonics once again on this one
-Bearish Butterfly completion.
-I will be entering this short right now and holding my position until it hopefully hits the bottom red trend line at 1.51858
-Risking 2% on this one
We have a bearish butterfly that completed at the 1.618 fib level on the D point. Price action has tested the PRZ multiple times and right now looks like a good time to enter. At this area there is also some heavy resistance if you look to the left. (Highlighted in yellow)
I will enter the short right now. Some ...