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Snehath
May 26, 2016 12:27 PM

The big short on CADCHF after the 170 pips profit long  Short

FX:CADCHF240
Canadian Dollar/Swiss FrancFXCM

Description

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Earlier this week, I called for a long on CADCHF at 0.7530 region. The pair responded to the harmonic pattern and rose 130 pips to date.

Once it hits 0.77 we are going to look to short. Here are my reasons

1) Gartley pattern

2) Weekly structure

3) Oil hitting $50 and we may see a big short on CAD

If this works out, I will target the huge gartley on D1 at 0.7350.
CADCHFharmonicforexForexGartley
Comments
ScottCarney
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great stuff!
Snehath
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Yes it is coz you taught us how to do this!
Carlos_LL
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Hi! Good call on the Gartley, however your D target is @ .886 and this hit at .786 for the Gartley. I took the trade myself on the same pattern. I like your reasoning in correlation with Oil
Carlos_LL
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I meant .893!
Snehath
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The AB=CD structure is at 0.7704. This level needs to get hit before we can consider a short. Let's hope it hits next week!
junming1985
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Snehath.... i think you have insider news :)
Really Amazing call for the long....you still holding it all the way to 0.77?
card54911
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Awesome! Insider or not, more reason for my subscription thanks guys!!
Snehath
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Lol, just good old harmonics! I closed this when I went long on GBPCAD but it still should go to 0.77 else we cannot short.
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