cadjpy has made a corrective structure that will break bearish. its all about timing so if the 1hr candle closes below the yellow trendline then we may have a setup to short the next impulse. if not then we will look for another entry. tp is 127 ext of the bearish impulsive wave.
Trade active:
shorted at close of candle. sl placed at open of last candle since that is where the bearish trendline that i am expecting to hold is.
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added some positions. i am liking structure.
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beautiful. drop couldnt have been better. holding positions.
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if markets fail to impulse/drop then i will let go of my positions and re enter when it gives me another setup.
Trade closed manually:
stopped out in profit
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if 4 hour closes like this then re enter.
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ready for more.
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going well. broke bearish again
David K Giraldo
