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glennmercer

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

Short
Australian Dollar/Canadian Dollar (FX:AUDCAD)  
glennmercer Updated   
FX:AUDCAD   Australian Dollar/Canadian Dollar
Wolfe Wave Bearish Gartley Gartley glennmercer gmercerfx AUDCAD short Crab Harmonic Patterns unhitpivot Monthly Pivots unhitpivots pivot Pivot Points
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wolfewaves bearishgartley gartleypattern glennmercer gmercerfx audcad short crabpattern harmonicpatterns unhitpivot monthlypivots unhitpivots pivot pivotpoints
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:
  • Bearish Gartley pattern completion
  • Bearish crab pattern completion (2X)
  • .382 Fib S/R level
  • Bearish Wolfe wave setup
  • Unhit December, 2015 pivot below price

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

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