CADJPY Short: Better Entry Against TL Resistance (EW Count)
Hey Traders! After taking a low-risk, high reward attempt on a potentially completed correction, CADJPY has dipped further into its corrective structure. Now, we have a better probability trade while still maintaining a high R/R. Also, a Bat is complete and may add to bearish biais. SL is placed above invalidation level. If TL resistance fails and price rallies higher, its likely to continue to rally and I will be out of the short and looking for more signals. Happpy trading!
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Note
Hey traders, Stop Moved to B/E on this oneNote
Down! Down! Down she goes! Here's an updated EW count. Current status is +62.5 Pips with a snapshot R/R of 7:1. Enjoy!Trade closed: target reached
BIG WIN. I'm taking profit now at +186 pips. On to the next one!Note
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.