glennmercer
Short

USDCAD Trendline Breakout: Sell Wave-(v) to Gartley

FX:USDCAD   U.S. Dollar/Canadian Dollar
Hey traders! I like a short position here as we're riding a trendline and there's a missed pivot below price. On the daily chart , we have a big bearish candle following a pinbar , a clearcut reversal pattern. I want to be short on the pullback toward the completion of a Gartley pattern . If price breaches SL but does not hit invalidation level, I may re-enter depending on price action. After target is achieved, I want to continue short toward missed weekly pivot unless price action shows signs of bullishness. Happy trading!
Trade active: NOTE: This is now active but with new entry and SL. A triangle has been completed, which is our indication of bearish continuation. Therefor, entered at completion of wave-e with SL above peak of e. Same target. Happy trading!
snapshot
on the daily chart we have the layout of the arm, head, arm, we can now have a downward trend
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What do think about GU?

I know you were wanting to go long on GU.
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I still like GU, but I would enter after this 15m closes:
snapshot
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glennmercer PRO glennmercer
If it closes red, I would wait on the sidelines for a bullish signal. I like GJ better at the moment
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Hanu727 glennmercer
Cool. Let me know when you're active on this pair.

Thanks buddy.
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Thanks Glen for all the updates.

You're a star buddy.

Good luck
Reply
No problem Hanu! Thank you sir you as well
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