glennmercer
Short

USDCAD Correction and Gartley Complete: Selling the Pullback

FX:USDCAD   U.S. Dollar/Canadian Dollar
Hey traders! The bearish move toward gartley completion carried out as predicted and we now have a complete five wave impulse structure. I want to see some bullish price action before continued bearish movement. Therefor, I will be selling the pullback to the trendline violation area. I will likely be using this position as a hedge for the EURUSD             4H short position to limit USD exposure. Check out the related idea for more on that trade. Updates to come with entry/exits!
Comment: All going as planned. I want to short from 0.5. Correction mode underway, stay tuned!
snapshot
Hi Glen, great set up for UCad.

What's the SL set at once you short at 1.32?

Thnaks
Reply
Thanks Hanu - I will have an initial SL at 1.331. And with the choppy price action right now I'll set to breakeven quickly
Reply
we are tuned, welcome back
Reply
Thanks buddy!
Reply
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