glennmercer
Short

Short CADJPY: Gartley + Crab + Trendline

FX:CADJPY   Canadian Dollar/Japanese Yen
CADJPY             is nearing the PRZ of two confluent harmonic patterns: bearish Gartley and bearish Crab . The PRZ could potentially be aided by the resistance of a 6 day trendline . First target is placed at the . 618 retracement of the Gartley CD leg. If price action continues to show bearish signals after breaking the BAMM line, I will be looking for continued downward movement toward the completion of a larger bullish bat (Target 2, point D).

Confluence in the PRZ:

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Trade active: Price came within a few pips of entry so I opened a sell trade. Trade is active.
Trade closed: target reached: T1 Achieved - Move SL to B/E
Comment: Second half of this position is still open with SL at breakeven. Bearish Wolfe Wave setup complete, may drag price down to target:
snapshot
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