glennmercer
Short

EURCAD Short: Sell the Pullback

FX:EURCAD   Euro / Canadian Dollar
Hey Traders, Previously I posted this:


Now that we have a slight pullback, I will take a short at wave-(iv). Here is an alternative, more conservative approach with entry at AB=CD and SL above invalidation level:


Since this is a fourth wave, however, I will be taking the aggressive entry as price does not typically zig-zag at this stage.

Happy Trading!
Trade active
Trade closed: stop reached: The first corrective wave is a 3-count! Now I will wait for a signal for impulse wave-c. Trading is all about probabilities and risk management. The stop on this trade was placed on the point at which the zig-zag prediction was invalidated. I will updated wave count with a new trade idea for the upcoming correction.

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