CADJPY Short: Gartley + Pitchfork + Wolfe Wave to Pivots

2015年11月3日

CADJPY is nearing the completion of a bearish Gartley pattern. The Gartley PRZ is confluent with pitchfork support. A completed bearish Wolfe Wave adds to the bearish bias. RSI and MACD are showing bearish divergence moving into the PRZ. SL is placed above point X of the Gartley pattern and a cluster of pivots lies below price, providing a nice target.

Confluence in the PRZ:

• Bearish Gartley pattern completion
  
• 1.272BC projection
  
• AB=CD pattern completion
  
• Pitchfork resistance
  
• Bearish RSI divergence
  
• Bearish MACD divergence
  
• Unhit weekly and monthly pivot clustered below price
  
• Bearish Wolfe Wave complete
  

Pitchfork Resistance (D1 TF):


Thanks for your support and don't forget to click the thumbs up button and follow for future updates and more trade ideas!

2015年11月3日

交易結束：達到停損點

Closed position for a loss of 17 pips