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glennmercer

USDCAD Correction and Gartley Complete: Selling the Pullback

Short
U.S. Dollar / Canadian Dollar (FX:USDCAD)  
glennmercer Updated   
FX:USDCAD   U.S. Dollar / Canadian Dollar
USDCAD loonie wavecount Parallel Channel Pivot Points missedpivots Harmonic Patterns glennmercer gmercerfx
14
4
usdcad loonie wavecount parallelchannel pivotpoints missedpivots harmonicpatterns glennmercer gmercerfx
Hey traders! The bearish move toward gartley completion carried out as predicted and we now have a complete five wave impulse structure. I want to see some bullish price action before continued bearish movement. Therefor, I will be selling the pullback to the trendline violation area. I will likely be using this position as a hedge for the EURUSD 4H short position to limit USD exposure. Check out the related idea for more on that trade. Updates to come with entry/exits!
Comment:
All going as planned. I want to short from 0.5. Correction mode underway, stay tuned!
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