USDCAD Sell Setup One H1 Time Frame

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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
Zlecenie aktywne
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.
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Moved Stop loss to a better location... now it is at 1.3927 (Risk Management is KEY)
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SL Moved to 1.3925 Just above the Low of the AIMS Box Level
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Moved Stop Loss to BreakEven that is the Entry Level
Transakcja zamknięta: osiągnięto wyznaczony cel
1st Target Achieved. Closed 2/3. Will let the rest run using BOX Trail Mechanism
Chart Patternsh1hourlychartTrend AnalysisUSDCADusdcadanalysisusdcadshortusdcadwavecountWave Analysis

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