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.
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.
added some positions. i am liking structure.
beautiful. drop couldnt have been better. holding positions.
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
if 4 hour closes like this then re enter.