glennmercer
Short

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

FX:USDCAD   U.S. Dollar/Canadian Dollar
4 months ago
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!
4 months ago
Trade active
4 months ago
Comment: Nice drop off the bat. Taking profit now would lock in a 2:1 R/R
4 months ago
Comment:
snapshot
4 months ago
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

snapshot
4 months ago
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
4 months ago
Comment: +54 Pips so far, about 60% of the way to T1:
snapshot
4 months ago
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:
snapshot


USOIL:
USOIL Wave Count Update: 1H Zoom-In Edition
4 months ago
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:

snapshot
Follow me on twitter: @gmercerfx
Shoot me an email: gmercerfx@gmail.com
social_junkie1992
4 months ago
Amazing, 4 profit targets, little risk. Amazing, GlenMercer. Thanks for sharing your idea! :)
+1 Reply
glennmercer PRO social_junkie1992
4 months ago
My pleasure SJ
Reply
arbid54
4 months ago
glen is this trade active?
Reply
glennmercer PRO arbid54
4 months ago
Yes, trade is active
Reply
BTCMarket PRO
4 months ago
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.

snapshot
Reply
glennmercer PRO BTCMarket
4 months ago
Cheers, thanks for the chart
Reply
gfknn5
4 months ago
PERFECT!

uc hit every target profit!!!
Reply
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