Hello traders.
It looks like the 4th wave is completed. That's why I'm expecting one more daily down impulse as wave 5. In the meantime, the up move can be a starting of bigger up impulse. In this case we will have correction. So, in any case, there is some potential for downside. I was waiting for the breakout to take a short trade. As you can see it broke. Now, I'm waiting for a small sideways move in 15m. Then I will take the trade. BTW I have an entry order because it can go down directly.
It looks like the 4th wave is completed. That's why I'm expecting one more daily down impulse as wave 5. In the meantime, the up move can be a starting of bigger up impulse. In this case we will have correction. So, in any case, there is some potential for downside. I was waiting for the breakout to take a short trade. As you can see it broke. Now, I'm waiting for a small sideways move in 15m. Then I will take the trade. BTW I have an entry order because it can go down directly.
Trade active
Trade closed manually:
at breakeven.