Hey traders! Great +140p win earlier on the USDCAD long. Here it is if you missed it:
Now, the Gartley is complete and so likely too is the Y corrective structure. For that reason, I am taking a short position here. Also note the potential doji reversal at the peak of the rally and completion of the corrective structure.
PS: It's run a little bit on volatility. I am already short, but if I weren't I would wait for a rally to short this with same TP and SL levels. Keep in mind this will be a quick trade, win or lose.
Cheers and happy trading!
Now, the Gartley is complete and so likely too is the Y corrective structure. For that reason, I am taking a short position here. Also note the potential doji reversal at the peak of the rally and completion of the corrective structure.
PS: It's run a little bit on volatility. I am already short, but if I weren't I would wait for a rally to short this with same TP and SL levels. Keep in mind this will be a quick trade, win or lose.
Cheers and happy trading!
Trade closed manually
I'm closing this one manually here for a small profit. We could still get a drop from here, but I don't like the price action and the odds aren't stacked enough in my favor. Therefor I am on the sidelines until further confirmation or until bullishness. Cheers!
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.