Pull back to structure/Trend line.
Look for signals to get short again
After the Fed rate hike rally. GBPUSD has pulled back into an area of confluence.
Now showing signs of bears taking control of the price
Anticipating a breakout of the wedge pattern to signal continuation of the bullish move
GBPCAD tested the broken trendline and closed below the 0.618 retracement.
Stops above the pinbar
Targets at the 1.618 extention
Good area to short OIL again. Watch out for OPEC meeting and EIA Crude Oil news
After the breakout on the downside of the wedge pattern. I am waiting for a pullback to retest the trendline
where there is a confluence of Fib level and structure. Targets at the Fib extensions.
Long the 0.618 pull back.
Good support structure plus a potential AB=CD move to short again