The USD/CAD has formed a 3-4 Setup One Short on the Hourly Chart
On the Daily, we can see its stuck within a tight range
That range is the Wave 4 of the D1. It's a Wave 4 within Bullish formation. So the breakout of the highs of the range will leave to Wave 5
Meanwhile, price is hovering near the Lows of the Range.
Drop the H1 chart and you find a Setup 1 short. But there are several options at hand ... lets watch the video
On the Daily, we can see its stuck within a tight range
That range is the Wave 4 of the D1. It's a Wave 4 within Bullish formation. So the breakout of the highs of the range will leave to Wave 5
Meanwhile, price is hovering near the Lows of the Range.
Drop the H1 chart and you find a Setup 1 short. But there are several options at hand ... lets watch the video
Trade active:
Trade went live at Price 1.3914
SL Right now at : 1.3937
Price has created ABC so that is my SL... it's going according to plan.
SL Right now at : 1.3937
Price has created ABC so that is my SL... it's going according to plan.
Trade active:
Moved Stop loss to a better location... now it is at 1.3927 (Risk Management is KEY)
Trade active:
SL Moved to 1.3925 Just above the Low of the AIMS Box Level
Trade active:
Moved Stop Loss to BreakEven that is the Entry Level
Trade closed: target reached:
1st Target Achieved. Closed 2/3. Will let the rest run using BOX Trail Mechanism
