CADCHF - Catch This Easy Wave! 🏄🏼‍♂️
Updated
CADCHF is currently trending bearish = looking for only sell setups.
In this analysis, we can see multiple degrees of waves.
Major waves = Black bracketed waves
Subwaves = Red circled waves
Minor waves = small red bracketed waves
We are currently in subwave 3 which has 5 minor waves.
We are seeing minor wave 2 correction now and anticipating minor wave 3 move lower.
Trade idea:
- Watch for rejection of sell zone
- Risk entry on rejection of fib
- Safe entry on break of red trendline
- Targets: 0.712 (250pips), 0.69 (450pips), 0.65 (700pips)
Goodluck and as always, trade safe!
In this analysis, we can see multiple degrees of waves.
Major waves = Black bracketed waves
Subwaves = Red circled waves
Minor waves = small red bracketed waves
We are currently in subwave 3 which has 5 minor waves.
We are seeing minor wave 2 correction now and anticipating minor wave 3 move lower.
Trade idea:
- Watch for rejection of sell zone
- Risk entry on rejection of fib
- Safe entry on break of red trendline
- Targets: 0.712 (250pips), 0.69 (450pips), 0.65 (700pips)
Goodluck and as always, trade safe!
Note
Saveable post Note
CADCHF 8H: Running 350pips 🔥Note
+900pips âś…
Want more chart ups like this? Click the links below:
Forex: t.me/Wicktator
Crypto: t.me/Crypto_Wick
Forex VIP: t.me/WicktatatorVIP_bot
Forex: t.me/Wicktator
Crypto: t.me/Crypto_Wick
Forex VIP: t.me/WicktatatorVIP_bot
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.