USDCAD Sell Setup One H1 Time Frame
Updated
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.
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 LevelTrade active
Moved Stop Loss to BreakEven that is the Entry LevelTrade closed: target reached
1st Target Achieved. Closed 2/3. Will let the rest run using BOX Trail Mechanism
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