CADCHF - Watch For Breakout!
Updated
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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