the 4H structure is evidently in a corrective structure => we can expect at least another impulse towards the downside from 1H timeframe, we can see a mini flag forming at the Support of the 4H structure support.
therefore, i think that EURCAD is gearing up for an impulse move down. But i must say, the Daily timeframe structure is not looking fantastic. so this is purely a setup from 4H. How reliable? I dont know.
its just another trade.
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Trade is active. Still looking alright since the price is looking corrective and hence i am expecting another impulse down. but in a bigger perspective, it may be forming a larger corrective structure. nothing is wrong. just need to manage the trade properly.
when the next impulse to the downside come, i will move my stop to BE
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still very unimpulsive like. but there is no room for me to put trade to BE. so I moved to 0.5R and hoping for the best.
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as expected. since the impulse didnt came. even though its a -0.5R, i think its managed very well. I will continue to look for short setup.