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

20. Sept. 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. Sept. 2016

Trade ist aktiv

20. Sept. 2016

Anmerkung

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

20. Sept. 2016

Anmerkung

20. Sept. 2016

Anmerkung

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. Sept. 2016

Anmerkung

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. Sept. 2016

Anmerkung

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

21. Sept. 2016

Trade geschlossen: Ziel wurde erreicht

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. Sept. 2016

Trade geschlossen: Ziel wurde erreicht

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: