USDCAD Bat Short & EW Count: High R/R Against Invalidation

20 בספט׳ 2016

USDCAD is up against the EW count invalidation level. This means two things: 1. We have an excellent R/R opportunity 2. Wave count for the correction is complete

I will be placing the stop above the IL with targets as shown on chart. Happy Trading!

20 בספט׳ 2016

עסקה פעילה

20 בספט׳ 2016

הערה

Nice drop off the bat. Taking profit now would lock in a 2:1 R/R

20 בספט׳ 2016

הערה

20 בספט׳ 2016

הערה

Moving Stop to B/E. If Price touches entry level, I will wait for another impulse and sell, at which point I will update. Stay Tuned

20 בספט׳ 2016

הערה

I want to disclose that I've exited this trade at break-even. The trade remains valid, but I wasn't happy with the price action so I have not yet re-entered. Those who are still in are up about 44 Pips

21 בספט׳ 2016

הערה

+54 Pips so far, about 60% of the way to T1:

21 בספט׳ 2016

עסקה סגורה: היעד הושג

Recommend taking profit here! After taking a look at oil (inversely correlated with USDCAD), the chances of seeing a pop in USDCAD are too high. +92 pips with a R/R of about 6.7. Cheers!

USDCAD:


USOIL:

22 בספט׳ 2016

עסקה סגורה: היעד הושג

Huge gains on this one for those who took the trade. +230 pips so far with T3 achieved. Looking for T4 at missed weekly pivot: