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.