USDCAD 4H short

1. Price break down with Leading Diagonal as wave 1
2. Wave 2 formed descending triangle and broke down resistance
3. Wave 3 reached fib ext. 1:1 of wave 1 and 2
4. Wave 4 retracing as ABC correction with hidden bearish divergence at overbought.
5. Price break down wave 4 trend line, also RSI 4H break down immediate trend line as well
6. Short position at fib level 0.618~0.854 of break down candles (shorting wave 5)
7. TP = fib 1.618 of Wave 4, also major Day line resistance
8. SL = slightly higher the swing high of wave 4

Trade active:

1.price still under 200EMA
position stay

2. Price is profiting 2x more than risk,
Stop loss move to break even

Trade active:

1. 4H timeframe RSI is in the oversold territory with Bullish DIV.
(one of the Major reason of entering this short position = Bearish DIV @ overbought)
2. MACD is about crossing over to positive side from under.
3. price actions showing bigger candles at support, showing that a possible trend change may happen.
4. moving SL to recent swing high as trailing stops = $1.35037
5. Target still remains

Comment:

1. moving SL to near swing high = 1.34503
2. Target remains

Trade active:

1. Price Reaching fib ext. 1.236 of wave 4 which is a strong fib resistance
2. closing half of position at this level
3. the rest will go for the original target

Trade active:

1. Target is only 0.4% away
2. Position can close manually when 4H showing Bullish Doji near Target

Trade active:

1. Trailing Stop at 1.32502 (previous Swing high)

Trade closed: target reached:

1. Target Reached
2. 4.33% over 45days!