CADJPY Short Trade Setup

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Hello traders.

It looks like the 4th wave is completed. That's why I'm expecting one more daily down impulse as wave 5. In the meantime, the up move can be a starting of bigger up impulse. In this case we will have correction. So, in any case, there is some potential for downside. I was waiting for the breakout to take a short trade. As you can see it broke. Now, I'm waiting for a small sideways move in 15m. Then I will take the trade. BTW I have an entry order because it can go down directly.

captura
Trade ativo
Trade fechado manualmente
at breakeven.
CADJPYElliott Waveshortshort-termWave Analysis

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