Countertrend
CADJPY - Deep Gartley at XTrading at X is 1 of the trading strategy I employ when it is a Deep Gartley Formation. It has proven that it does more benefit than harm to me.
I've engaged the trade with a very tight stop with a 2:1 for my 1st target.
Although the setup doesn't look promising but let see hot it spin out.
US500Short Term Trend: Bullish.
Price Action Signals: Price broke down from an Inside Bar Pattern early this week (counter trend).
Potential Trade Idea: We are considering trading longs after a retracement in prices AND from a Price Action Buy signal forms on the 4 hour or daily chart at either the 3829 or 3670 support level.