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Dollar Kanada / Yen Jepang
Penjualan

Short CADJPY: Gartley + Crab + Trendline

Oleh glennmercer
Diupdate
CADJPY is nearing the PRZ of two confluent harmonic patterns: bearish Gartley and bearish Crab. The PRZ could potentially be aided by the resistance of a 6 day trendline. First target is placed at the .618 retracement of the Gartley CD leg. If price action continues to show bearish signals after breaking the BAMM line, I will be looking for continued downward movement toward the completion of a larger bullish bat (Target 2, point D).

Confluence in the PRZ:
  • Bearish Gartley pattern completion
  • Bearish crab pattern completion
  • 6 day trendline resistance


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Trade aktif
Price came within a few pips of entry so I opened a sell trade. Trade is active.
Trading ditutup: target tercapai
T1 Achieved - Move SL to B/E
Catatan
Second half of this position is still open with SL at breakeven. Bearish Wolfe Wave setup complete, may drag price down to target:
cuplikan
Bearish CrabBearish GartleyCADJPYconfluenceCrabGartleyHarmonic PatternsPRZTrend Lines
glennmercer
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