glennmercer
Short

CADJPY Short: Better Entry Against TL Resistance (EW Count)

FX:CADJPY   Canadian Dollar/Japanese Yen
Hey Traders! After taking a low-risk, high reward attempt on a potentially completed correction, CADJPY             has dipped further into its corrective structure. Now, we have a better probability trade while still maintaining a high R/R. Also, a Bat is complete and may add to bearish biais. SL is placed above invalidation level. If TL resistance fails and price rallies higher, its likely to continue to rally and I will be out of the short and looking for more signals. Happpy trading!
Trade active
Comment: Hey traders, Stop Moved to B/E on this one

snapshot
Comment: Down! Down! Down she goes! Here's an updated EW count. Current status is +62.5 Pips with a snapshot R/R of 7:1. Enjoy!

snapshot
Trade closed: target reached: BIG WIN. I'm taking profit now at +186 pips. On to the next one!
Comment:
snapshot
It started, but I don't know I your SL triggered... Can you approximate the pips you are trying to reach ?
Reply
glennmercer PRO BabasNumbaOne
SL did not trigger. I account for spread when I take trades on my account. Target is 164 pips. Cheers
Reply
Hi Glen, thanks for the awesome setup.

I got in at 77.37. Probably a few pips off from your entry.

My SL is at 77.55
+1 Reply
No problem Hanu, glad you found it helful. Cheers!
Reply
pffff
Reply
perfect
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
日本
한국
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out