USDCAD EW Count: Looking for Bullish Impulse

Hey traders, we're coming up on a speech from Janet Yellen. I'm expecting some volatility - and if bullish past the entry point I want to be long for the reasons below. I entered last week on a zig-zag completion which stopped out at breakeven as the retracement sank deeper into a double zig-zag correction. SL is placed below invalidation level. Keep in mind, we could also see a deeper retracement, so this entry is cautiously bullish and only if the previous resistance is pierced. Happy trading.

• Bullish Bat Complete
  
• Ending Diagonal Complete
  
• Previous Bullish Impulse in Wave-(a)
  
• Support at Previous Wave-(2)
  

Trade ist aktiv:

Kommentar:

Beautiful! Risk-free again. SL Moved to B/E