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

20 Eyl 2016

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!

20 Eyl 2016

İşlem aktif

20 Eyl 2016

Not

Nice drop off the bat. Taking profit now would lock in a 2:1 R/R

20 Eyl 2016

Not

20 Eyl 2016

Not

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

20 Eyl 2016

Not

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

21 Eyl 2016

Not

+54 Pips so far, about 60% of the way to T1:

21 Eyl 2016

İşlem kapandı: hedefe ulaştı

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:

22 Eyl 2016

İşlem kapandı: hedefe ulaştı

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: