CLOSED TRADE: USDCAD: BUY@1.29170 Gartley + Wave Cnt + Lvl

FX:USDCAD   U.S. Dollar/Canadian Dollar
589 6 16
Damn! That was a quick out! I don't mind getting stopped on this trade BUT I just hate having to go back and make a CLOSED TRADE post on it so quick! Oh, BTW             . Yes, that was a TYPO on the sell price! It was supposed to be 1.29170. Sticky keyboard.......maybe I should stop eating in front of my computer! LOL!

Anyway, I actually would prefer to move my stops to below the .382 level you see below and see if it bounces from there but in keeping with my trading rules (very important to do that!), I will not move stops and just close this trade and watch for another chance to get LONG. Now that it's broken this minor structure, I'll be watching for a bounce off that .382 or if failing that, wait for prices to get to that MAJOR SR Structure and see what happens. Either way, I'm expecting some kind of retrace of this down trend soon.
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Would you take it again of it reverses?
Yes. In fact, I'm watching for another entry signal.
Douwe EverythingForex
Me too :)
Douwe EverythingForex
There we go :)
Be very careful about pinbars! It's not even a pinbar yet but I know it looks like it's forming one (on the 1HR TF). Yes, it's a pinbar at the .382 but there's no structure there of any significance. So not so reliable. I need to see good PA before I get LONG again. I'm still waiting.....
+2 Reply
If I didn't eat at my computer, I might starve.... I'd probably just lose some weight :)
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