Technician
Short

CADCHF: Quick Intraday Short Trade

FX:CADCHF   Canadian Dollar/Swiss Franc
948 11 15
Update:Target reached without entry, trade was cancelled.
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Its been a long time since I published an intraday trade.. Lets see whats going on here.. The overall wave is bearish , however the price managed to pullback higher withing the past day, retesting the broken trend line and the 38.2 retracement level for the overall bearish wave, am looking for another intraday bearish attempt here.

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My best regards,
Technician

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Trading Criteria:
1. Trades are taken in two units
2. First unit would be closed at first target
3. Stop loss is then moved to break-even
4. Second unit would be closed at second target
Notes:
1) If 90 percent of first target is reached I move stop loss to breakeven.
2) If 90 percent of first target is reached without triggering entry I cancel the trade.
3) Remember: Losing is a main part of the game
https://thefxchannel.com
Hey this looka like a perfect gartley. Abcd on the way up and probably aroind .786 on the way back.
Reply
Could be.. but a perfect gartley requires AB to correct 61.8% OF XA leg, lets see how it continues
Reply
Lucky I'm setting expired after 4 hour in the market to avoid this situation happens.
Reply
Target reached without entry, trade was cancelled.
+1 Reply
What was that move after cancellation!
Reply
Technician PRO HamedAghajani
Yeah mate.. Good thing we have that rule
+1 Reply
Im interested in this setup :)
Reply
LETS DO THIS!! I'm with you on this one
Reply
Technician PRO djshine_85
Good luck mate
Reply
djshine_85 Technician
tp1 reached 1unit / 2nd unit was breakeven. great job technician
Reply
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