USDCAD - Break of trendline to go long
Im currently short based on this Gartley. if we get down to C i will stop and reverse to go long following the break of the trendline.
USDCAD completed a 5 wave down structure and did now break the trendline, so strong indication that my counting is right and we will see a bigger ABC correction now (orange)
with this stopplacement we can however only look for the A wave as a potential profit. everything else would be too risky since the market will most likly come down quite abit within the B wave which puts our stops in danger (which will most likly be breakeven at that point)
USDCAD completed a 5 wave down structure and did now break the trendline, so strong indication that my counting is right and we will see a bigger ABC correction now (orange)
with this stopplacement we can however only look for the A wave as a potential profit. everything else would be too risky since the market will most likly come down quite abit within the B wave which puts our stops in danger (which will most likly be breakeven at that point)
