glennmercer
Short

USDCAD Bat Short & EW Count: High R/R Against Invalidation

FX:USDCAD   U.S. Dollar / Canadian Dollar
USDCAD             is up against the EW count invalidation level. This means two things: 1. We have an excellent R/R opportunity 2. Wave count for the correction is complete

I will be placing the stop above the IL with targets as shown on chart. Happy Trading!
Trade active
Comment: Nice drop off the bat. Taking profit now would lock in a 2:1 R/R
Comment:
Comment: Moving Stop to B/E. If Price touches entry level, I will wait for another impulse and sell, at which point I will update. Stay Tuned

Comment: I want to disclose that I've exited this trade at break-even. The trade remains valid, but I wasn't happy with the price action so I have not yet re-entered. Those who are still in are up about 44 Pips
Comment: +54 Pips so far, about 60% of the way to T1:
Trade closed: target reached: Recommend taking profit here! After taking a look at oil (inversely correlated with USDCAD), the chances of seeing a pop in USDCAD are too high. +92 pips with a R/R of about 6.7. Cheers!

USDCAD:


USOIL:
Trade closed: target reached: Huge gains on this one for those who took the trade. +230 pips so far with T3 achieved. Looking for T4 at missed weekly pivot:

PERFECT!

uc hit every target profit!!!
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Been watching this one too but the index doesn't look ready to give ground just yet it's holding the weekly and daily Pivots. There's been a lot of chatter on social networks about shorting this or a possible upside breakout difficult one this 50/50.

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Cheers, thanks for the chart
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glen is this trade active?
Reply
Yes, trade is active
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Amazing, 4 profit targets, little risk. Amazing, GlenMercer. Thanks for sharing your idea! :)
+1 Reply
glennmercer social_junkie1992
My pleasure SJ
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