Potential key reversal top detected for GMGLevel of interest: $36.67 area level of interest proved problematic on 22nd July (key support/resistance area to observe).
Stop loss for the trade involving ASX:GMG (and indication that this trade is an absolute 'no-go') is any trade above the high of the signal day of 20th September (i.e.: any trade above $37.12).
Goodman
Let's check Goodman wave theory on USDCADThe trading setup is coming on the third propagation swing.
There was no dagger formation at the bottom of today's fall (1.330) that could inform for entrance into the long. That's why I'm waiting for getting the price back to 1.3290 on the inside wave and buy after the formation of the dagger and RSI confirmation.
If I missed the entrance on 1.330, then the point is 1.3344 with the long continuation.
The TP for both cases is 1.34065 as a middle of the jumbo line.