Why are we entering?
- We're expecting more CAD weakness after a brief correction period which is soon to come
- Expecting a similar bullish correction like we had last time (see linked chart for the USDCAD dejavu post)
What is our confirmation?
- Once we see a correction forming, we know its going up so we can get ready and create a watch for break trendline
Entry
- SAFE Entry: Break of watch for break trendline once formed
Once entered, where will our Stoploss be?
- below the structure level
Where do we take profits?
- First TP: 1.291
- We're expecting more CAD weakness after a brief correction period which is soon to come
- Expecting a similar bullish correction like we had last time (see linked chart for the USDCAD dejavu post)
What is our confirmation?
- Once we see a correction forming, we know its going up so we can get ready and create a watch for break trendline
Entry
- SAFE Entry: Break of watch for break trendline once formed
Once entered, where will our Stoploss be?
- below the structure level
Where do we take profits?
- First TP: 1.291
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