USACAD go South for its 5th wave down trend after break confirm

Previous up trend seems to be broken (Note: Not confirm broken yet). Need to wait until the support line be broken to confirm the down trend. Then maybe entry to short when price retest the support line. If the down trend be confirm, it could be the fifth wave of down trend. Close the previous long order if it is opened. It could still have some profit. Or you could hold your long order until the support line be broken (which should be your long order's stop in previous long order).

Kommentera:

Close this strategy.