EURCAD is in a nice 335 Flat Correction.
Wave A = 3 waves
Wave B = 3 waves
Wave C = 5 waves.
Wave C
We are currently in wave C (5 waves). We have seen wave 1, which was a leading diagonal. Wave 2 was a simple abc correction.
Wave 3 a strong bearish impulsive move.
We are now in wave 4.
It's important to note wave C can follow either an ending diagonal format or an impulsive schematic format. In the latter format, wave 4 cannot go beyond wave 1 completion, making our invalidation level 1.48725 for a risk entry.
Trade Idea:
- Look for an entry with with stops above 1.48725 (Small stops needed)
- Hold position to 1.416 (700pips)
If we break above 1.48725, it means wave C is in an ending diagonal format. If this happens, we can look for a lower timeframe trendline break or BOS.
See below for our last setup:
EURCAD 4H - Entry on break of risk trendline for a more confirmed entry
Goodluck and as always, trade safe!
Wave A = 3 waves
Wave B = 3 waves
Wave C = 5 waves.
Wave C
We are currently in wave C (5 waves). We have seen wave 1, which was a leading diagonal. Wave 2 was a simple abc correction.
Wave 3 a strong bearish impulsive move.
We are now in wave 4.
It's important to note wave C can follow either an ending diagonal format or an impulsive schematic format. In the latter format, wave 4 cannot go beyond wave 1 completion, making our invalidation level 1.48725 for a risk entry.
Trade Idea:
- Look for an entry with with stops above 1.48725 (Small stops needed)
- Hold position to 1.416 (700pips)
If we break above 1.48725, it means wave C is in an ending diagonal format. If this happens, we can look for a lower timeframe trendline break or BOS.
See below for our last setup:
EURCAD 4H - Entry on break of risk trendline for a more confirmed entry
Goodluck and as always, trade safe!
註釋
EURCAD Update 2D 註釋
EURCAD Daily 註釋
EURCAD 8H - Entry on trendline break 
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Want more chart ups like this? Click the links below:
Free Telegram: t.me/Wicktator
Forex VIP: t.me/WicktatatorVIP_bot
Free Telegram: t.me/Wicktator
Forex VIP: t.me/WicktatatorVIP_bot
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。