EverythingForex

CLOSED TRADE: USDCAD: BUY@1.30780 Still looking Wave 2 (-41 pip

FX:USDCAD   U.S. Dollar / Canadian Dollar
361 5 5
Trade is closed as prices have now exceeded the .786 retrace. I will now wait until either or both the bat or butterlfly patterns are completed to consider another LONG trade on this pair.

NOTE: if the origin of wave 1 is broken (129.543), then my current wave count will be invalidated and will need to be re-evaluated before any more trades in this pair is considered.
Planning to go long on the bat around 1.2996.Let's see how it goes.
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Yep, that is the plan now. It's starting to look like that bat will be a VERY good entry!
+1 Reply
Closed sale now, enter purchase (BUY)?
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EverythingForex PRO andre.serrano.5
No. This is not a stop-and-reverse trade. Will wait until the bat is completed to consider a BUY.
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andre.serrano.5 EverythingForex
Thanks for the class. :)
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