Why are we entering?
- Expecting USD strength and CAD weakness = USDCAD LONG
- Wave 1 was a leading diagonal. Wave 2 was a complex WXY
- Started bullish wave. Waiting for wave 2 correction to appear
Entry
- Safe Entry: break of WFB
- Risk Entry: break of risk trendline
Once entered, where will our Stoploss be?
- below price after WFB breaks
Where do we take profits?
First TP: 1.37 (400pips)
Second TP: 1.4 (680pips)
Swing TP: 1.42 (900pips)
- Expecting USD strength and CAD weakness = USDCAD LONG
- Wave 1 was a leading diagonal. Wave 2 was a complex WXY
- Started bullish wave. Waiting for wave 2 correction to appear
Entry
- Safe Entry: break of WFB
- Risk Entry: break of risk trendline
Once entered, where will our Stoploss be?
- below price after WFB breaks
Where do we take profits?
First TP: 1.37 (400pips)
Second TP: 1.4 (680pips)
Swing TP: 1.42 (900pips)
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