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)
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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.