glennmercer

Short USDCAD: Crab + Deep Crab + Wolfe Wave

Short
glennmercer Updated   
FX:USDCAD   U.S. Dollar / Canadian Dollar
USDCAD is nearing the completion of 2 bearish patterns: crab and deep crab. In the same PRZ, a bearish Wolfe Wave structure is nearing completion. An unhit weekly pivot makes for a nice entry with SL above .786XA and targets at .382 and .618 CD retracements.

KILL ZONE CONFLUENCE:
  • Bearish crab pattern completion
  • Bearish deep crab pattern completion
  • 1.618AB=CD (deep crab)
  • 3BC projection (deep crab)
  • 7.618BC projection (crab)
  • 3AB=CD (crab)
  • Bullish Wolfe Wave setup

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Trade active:
Trade is active
Trade closed: target reached:
T1 Achieved before rate decision
Trade closed manually:
I'm closing this trade due to bullish Wolfe Wave and potential bullish Gartley. Unhit weekly pivot above price.

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