Hello TV! I have sell setup for EURCAD
based on Elliott wave
theory. I've found 5-wave
impulse (on the chart), after that we can see correction, finished on 78,6% Fibo retracement. Now I'm waiting the next impulse down. Stop placed several pips above of Wave1.
So we have very perspective R/R trade setup:
1) close stop with low risk, based on EW theory.
2) Big potential profit, targets based on Fibo.
If you need, I can share the next steps within this trade, if price start to move to the South!