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

يعمل أيضًا:

إخلاء المسؤولية