EURCAD Potential Bearish Swing

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.

Komentar:

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

Komentar:

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.

Komentar:

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.