If you stay on cyclical hrt then yes, you should still bleed. I am late peri and it's obvious which are 'my' bleeds and which are the hrt ones. The hrt ones are a washed out version, few or no pmt symptoms, lighter and shorter bleeds. I'm also on sequi gel/utro and bleed approx 1 in 3 cycles. Some women are in their early 60s when they reach meno, I was still mostly regular when I went on hrt at 57. If you want to be bleed free your best option would be a mirena rather than utro.