glennmercer
Short

CADJPY: POSSIBLE ENDING DIAGONAL - Short From Here (Retrace)

FX:CADJPY   Canadian Dollar/Japanese Yen
306 11 19
2 months ago
Hey traders! After a bearish impulse witnessed 9/20, we saw a correction to the .786 fib. This correction has ended on an ending diagonal, a quintessential reversal pattern. The target is 75.8. Any price movement above recent high will force me out and I will re-evaluate. Otherwise, ride it down. Happy Trading!
2 months ago
Trade active: In order to find precise entries like this, here's what it looks like INSIDE the candle. 1m Chart:
snapshot
2 months ago
Comment: Beautiful Resistance!! Stop set to B/E:

snapshot
2 months ago
Trade closed manually: Closed at breakeven! Another great thing about tight stops is the adjustment to breakeven is so small that it can be done after the next lower-degree impulse wave completes and your risk goes to zero.

Here's the next level to watch:
2 months ago
Comment:
snapshot
2 months ago
Comment: RE-ENTRY:
snapshot
Follow me on twitter: @gmercerfx
Shoot me an email: gmercerfx@gmail.com
hamedo
2 months ago
so go sell now ?
Reply
glennmercer PRO hamedo
2 months ago
Hamedo, I sold this already, yes. If this fits your trading plan, then you can sell it too. Always follow your own strategy, never blindly follow mine or anyone else's! Cheers!
Reply
hamedo glennmercer
2 months ago
thank you man for great advice :)
but i follow you and i try to learn from your great analyze
+1 Reply
glennmercer PRO hamedo
2 months ago
My pleasure buddy keep it up
+1 Reply
lipikacrude glennmercer
2 months ago
SIR PLEASE UPDATE ON USOILFOR TRAINLE FORMATION POTENTIAL REVRSAN HERE OR 47.50 FOR LAST WAVE . PLEASE REPLY SIR
Reply
glennmercer PRO lipikacrude
2 months ago
I may be able to find some time tonight. I will update it within 24 hours
Reply
vaccaroFx
2 months ago
u got stopped, but can get a better entry
Reply
glennmercer PRO vaccaroFx
2 months ago
Yes, at break even
Reply
BabasNumbaOne
2 months ago
Hi, What is your Target profit (pips) from your entry?
Reply
glennmercer PRO BabasNumbaOne
2 months ago
164 pips from current position:
CADJPY Short: Better Entry Against TL Resistance (EW Count)
Reply
BabasNumbaOne glennmercer
2 months ago
Hi, back at you for this transaction. I stopped at 86.5 pips profit. It started late ... but at least it worked. #ThumbsUp
Reply
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