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CADJPY Short: Better Entry Against TL Resistance (EW Count)

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Hey Traders! After taking a low-risk, high reward attempt on a potentially completed correction, CADJPY has dipped further into its corrective structure. Now, we have a better probability trade while still maintaining a high R/R. Also, a Bat is complete and may add to bearish biais. SL is placed above invalidation level. If TL resistance fails and price rallies higher, its likely to continue to rally and I will be out of the short and looking for more signals. Happpy trading!
Dagangan aktif
Nota
Hey traders, Stop Moved to B/E on this one

syot kilat
Nota
Down! Down! Down she goes! Here's an updated EW count. Current status is +62.5 Pips with a snapshot R/R of 7:1. Enjoy!

syot kilat
Dagangan ditutup: sasaran tercapai
BIG WIN. I'm taking profit now at +186 pips. On to the next one!
Nota
syot kilat
glennmercer
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BatCADJPYElliott WaveEWglennmercergmercerfxSupport and ResistanceTrend Lineswaves

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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
BatCADJPYElliott WaveEWglennmercergmercerfxSupport and ResistanceTrend Lineswaves
glennmercer
Juga pada:

Penerbitan berkaitan

Penafian

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.