glennmercer
Short

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

FX:CADJPY   Canadian Dollar / Japanese Yen
306 11 19
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!
Trade active: In order to find precise entries like this, here's what it looks like INSIDE the candle. 1m Chart:
snapshot
Comment: Beautiful Resistance!! Stop set to B/E:

snapshot
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:
Comment:
snapshot
Comment: RE-ENTRY:
snapshot
Hi, What is your Target profit (pips) from your entry?
Reply
glennmercer PRO BabasNumbaOne
164 pips from current position:
Reply
Hi, back at you for this transaction. I stopped at 86.5 pips profit. It started late ... but at least it worked. #ThumbsUp
Reply
u got stopped, but can get a better entry
Reply
Yes, at break even
Reply
so go sell now ?
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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
thank you man for great advice :)
but i follow you and i try to learn from your great analyze
+1 Reply
My pleasure buddy keep it up
+1 Reply
lipikacrude glennmercer
SIR PLEASE UPDATE ON USOILFOR TRAINLE FORMATION POTENTIAL REVRSAN HERE OR 47.50 FOR LAST WAVE . PLEASE REPLY SIR
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