Following on from our last CADCHF post, which resulted in a full TP of 900pips, we have found another great opportunity.
We are currently in wave 4, which appears to be a ABC correction. We are looking to trade the C leg of wave 4. We anticipate that wave B has completed therefore we can use the lows of wave B as invalidation level for our bullish trade.
Trade idea:
- Watch for bullish price action and enter
- stop loss below wave B completion (basically the lows)
- Target: 6.8 (300pips) but do actively manage your positions as we move higher.
See our last CADCHF post here:
Goodluck and as always, trade safe!
We are currently in wave 4, which appears to be a ABC correction. We are looking to trade the C leg of wave 4. We anticipate that wave B has completed therefore we can use the lows of wave B as invalidation level for our bullish trade.
Trade idea:
- Watch for bullish price action and enter
- stop loss below wave B completion (basically the lows)
- Target: 6.8 (300pips) but do actively manage your positions as we move higher.
See our last CADCHF post here:
Goodluck and as always, trade safe!
Note
CADCHF 8H 
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Disclaimer
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Want more chart ups like this? Click the links below:
Free Telegram: t.me/Wicktator
Forex VIP: t.me/WicktatatorVIP_bot
Free Telegram: t.me/Wicktator
Forex VIP: t.me/WicktatatorVIP_bot
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.