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glennmercer

USDCAD EW Count: Looking for Bullish Impulse

Long
U.S. Dollar / Canadian Dollar (FX:USDCAD)  
glennmercer Updated   
FX:USDCAD   U.S. Dollar / Canadian Dollar
USDCAD Elliott Wave wavecount glennmercer gmercerfx Wave Analysis Bullish Bat advancedpatterns Harmonic Patterns
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usdcad elliottwaves wavecount glennmercer gmercerfx waveanalysis bullishbat advancedpatterns harmonicpatterns
Hey traders, we're coming up on a speech from Janet Yellen. I'm expecting some volatility - and if bullish past the entry point I want to be long for the reasons below. I entered last week on a zig-zag completion which stopped out at breakeven as the retracement sank deeper into a double zig-zag correction. SL is placed below invalidation level. Keep in mind, we could also see a deeper retracement, so this entry is cautiously bullish and only if the previous resistance is pierced. Happy trading.
  • Bullish Bat Complete
  • Ending Diagonal Complete
  • Previous Bullish Impulse in Wave-(a)
  • Support at Previous Wave-(2)
Trade active:
Comment:
Beautiful! Risk-free again. SL Moved to B/E
snapshot

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glennmercer
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