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Dec 6, 2015 11:06 PM

USDCAD Bearish Gartley Completion Short

U.S. Dollar/Canadian DollarFXCM

Description

Bearish Gartley is completed in USDCAD and it´s time to think going short (or staying out). Risk/reward in this is pretty good. You could also wait if price is willing to go a bit higher before moving down so you could probably get even better price and risk/reward.

If this goes down there is bullish Cypher waiting to be completed (blue pattern). So it might be possible to play this both ways and have two decent trades with this setup.

Good trading week to you all!

Trade closed: stop reached

Great setup but it didn´t go our way this time:( Gone looking new opportunities:)
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