CADJPY: POSSIBLE ENDING DIAGONAL - Short From Here (Retrace)

22 Eyl 2016

Hey traders! After a bearish impulse witnessed 9/20, we saw a correction to the .786 fib. This correction has ended on an ending diagonal, a quintessential reversal pattern. The target is 75.8. Any price movement above recent high will force me out and I will re-evaluate. Otherwise, ride it down. Happy Trading!

22 Eyl 2016

İşlem aktif

In order to find precise entries like this, here's what it looks like INSIDE the candle. 1m Chart:

23 Eyl 2016

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Beautiful Resistance!! Stop set to B/E:

23 Eyl 2016

İşlem elle kapatılmış

Closed at breakeven! Another great thing about tight stops is the adjustment to breakeven is so small that it can be done after the next lower-degree impulse wave completes and your risk goes to zero.

Here's the next level to watch:

23 Eyl 2016

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23 Eyl 2016

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RE-ENTRY: