OANDA:USDCAD   U.S. Dollar / Canadian Dollar
After another up move we still have divergence beween up impulses in all time frames and we have regular flat in 1D chat. I'm still looking for short trades. I put an entry order and now trade is active. You can wait for break out. This is a trade with high risk. I put at risk only 0.25% percent of my account. Because of very close stoploss I could take very nice size trade.
Comment: Move stoploss to breakeven
Comment: If you missed previous entry you can put a pending order at one of those fib confluences (786 + 118 or 618 + 272) with stoploss above red line.
Trade closed: stop reached: First trade stopped out with breakeven.
Comment: Second trade is still on and its stoploss at breakeven. The structure between aqua lines can be correction. It is not clear yet.
Comment: Trade still on, I'm just waiting for more down side.
Comment: It looks like a correction is in the making. I'm waiting for its completion in order to take another short trade.
Trade closed: stop reached: Stopped out with break even.
Thanks for update!
WaveAnalysis NateTheGreat7
@NateTheGreat7, my pleasure.
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