Since the 222 gartley pattern didn't completed and gave us a nice rally of the price, our fibo bring another opportunity but this time little bit higher than the gartley. Completing the deep crab in the @121.06 area looking to enter short and hold till the .382 retracement of the leg to be the first target. My stop just above the last resistance.
If this deep crab get filled and go in our direction then the movement was just another fake breakout of the channel that we've been in.
Sorry about my english, and i appreciate all the comments and thoughts.
Comments
CherryLava
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Spot on! I'm also shorting since there's positive news from JPY and I'm also expecting a further decline for this pair with a very positive forecast of CAD later.