CADJPY Short: Downtrend Continuation to Gartley Completion Short

Canadian Dollar/Japanese YenFXCM

Description

⋅ Jul 29, 2016 2:34 AM

This pair has been trending down on the daily chart as shown by the D1 EMA/SMA's. Strong bearish impulse down shows weakness in the supporting trendline. This setup will capitalize on a breakout down into the completion of a bullish Gartley pattern.

Trade active

⋅ Jul 29, 2016 2:41 AM

Trade closed: target reached

⋅ Jul 29, 2016 1:12 PM

Beautiful, +50p