CAD Retrace & Cont HTF Daily 5th Wave ;)
Now that we caught the Move up lets wait for the retrace and Go again in this trending market
Regardless of whether we start building a flat or we are wave 2 of 5th intermediate wave there is a nice Med prob trade I would put a 30% trade stake as we can fly through for a 886 retrace
Kill zone will be the 127 extenstion of A and the 384-50 retrace of the W1-5
Look for confirmation of the end of C should have 5 distinct waves ;) as my entry signal on a 5-15m chart
Stop loss around the 618 of W1-5 & 1.616 of teh A leg Extenstion
Regardless of whether we start building a flat or we are wave 2 of 5th intermediate wave there is a nice Med prob trade I would put a 30% trade stake as we can fly through for a 886 retrace
Kill zone will be the 127 extenstion of A and the 384-50 retrace of the W1-5
Look for confirmation of the end of C should have 5 distinct waves ;) as my entry signal on a 5-15m chart
Stop loss around the 618 of W1-5 & 1.616 of teh A leg Extenstion
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