CADCHF - Ready for short on ABCD and Deep Gartley completion

15 Feb 2017

Hey guys, just woke up and saw an amazing setup on CADCHF for a short


Pattern identification

1. Deep Gartley completion at 0.7700
2. ABCD completion at 0.7700

Execution

Price has rejected the PRZ zone, I have just entered short at current price of 0.7690.

SL is at 0.7740 and TP is at 0.76.

Almost a 1:2 R:R on this.

Good luck and good trading all!'

On a side note, I am still waiting to short USDCHF just a little bit further north at 1.01.

Bullish on CHF in both cases.

25 Feb 2017

Nota

It has been a long wait but pattern is still intact as long as blue trendline remains unbroken.

Be patient and ride out the profits.

SL and TP still remains the same at 0.7740 and 0.76.

28 Feb 2017

Nota

Time to protect this trade. Shift SL to entry price (0.7690) to make this a risk free trade.

Long wait for a slow moving currency pair, but hope this plays out well and move 40 pips south to hit my profit target.

28 Feb 2017

Dagangan ditutup: sasaran tercapai

Target of 0.7600 is reached and trade is closed with +90 pips profit.

A long wait of 14 days but a worthwhile wait.

Congrats to those who followed this trade idea.