TradingView
BoonHooi
Dec 2, 2017 2:19 PM

USDCAD Bearish Gartley complete Short

U.S. Dollar/Canadian DollarFXCM

Description

Apologies for the late posting.

The up momentum was still strong when the smaller (green) pattern completed. Only took the short when the bigger Gartley pattern completed at 1.2857/67. Price moved down nicely after the Canadian employment figures came out.

Potential targets at the 1.2150 or even the 1.2030 lows
Shifted SL to breakeven to protect profits. Risk Free trade now.

Trade active

Shifted my SL to above today's high at 1.2735 (securing minimum +132pips)
My stretched target is at 1.2471

Trade active

Tightened protective stops further to 1.27188 (+159pips locked in).

Didn't quite like the current bullish engulfing candle
More