USDCAD Trendline Breakout: Sell Wave-(v) to Gartley

14 oct. 2016

Hey traders! I like a short position here as we're riding a trendline and there's a missed pivot below price. On the daily chart, we have a big bearish candle following a pinbar, a clearcut reversal pattern. I want to be short on the pullback toward the completion of a Gartley pattern. If price breaches SL but does not hit invalidation level, I may re-enter depending on price action. After target is achieved, I want to continue short toward missed weekly pivot unless price action shows signs of bullishness. Happy trading!

14 oct. 2016

Transaction en cours

NOTE: This is now active but with new entry and SL. A triangle has been completed, which is our indication of bearish continuation. Therefor, entered at completion of wave-e with SL above peak of e. Same target. Happy trading!