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.
