Entry comments: Wedge pattern inducing possible liquidity being created over the course of the 26/10 and 29/10. A possible break today down to the ADR at 1.48270 or to the low of 1.48467 which correlates with USDCAD. Then a move back up, with the play becoming invalid past 1.4800. This wedge pattern isn't at the end of 'Actual' levels of drive and is not as significant a play, but if its an aggressive move managing to reach the lows, its an intraday ADR reversal play.
Exit comments: Didn't consider previous day's low which price could work off of. CAD correlation would become irrelevant as a result though. Too many pairs on my watch today. Get rid of both eurcad and audcad. GBPAUD, GBPUSD, EURUSD, USDCAD, NZDUSD. Come back to these 2 after 3 months, with a much more firm grasp of waiting to play my setups only - after having defined them in clarity.