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
we are tuned, welcome back
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Thanks buddy!
Reply
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
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