glennmercer

AUDCAD Short: Gartley, 2 Crabs, Wolfe Wave, Pivot, S/R

Short
FX:AUDCAD   Australian Dollar/Canadian Dollar
AUDCAD has completed a series of bearish patterns at an important . 382 retracement level. Two bearish crabs are confluent with a bearish Gartley pattern and a bearish Wolfe Wave 2-4 parallel. To add to the bearish bias, the unhit pivot for the month of December is precisely confluent with 50% retracement of the green crab CD leg. SL is placed above WW entry with target at the December pivot /.5CD.

Confluence in the PRZ:

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Trade active: Nice rejection of price at top of parallel channel:
Comment: Nice place to add:

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